European Session

EUR/USD - Euro Dollar

1,2925. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,2970 (45 pips). The consolidation should continue. We won't take a position.

Resistances

1,2970 - 1,3075

Supports

1,2820 - 1,2680

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GBP/USD - British Pound Dollar

1,5410. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5550 (140 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5460 - 1,5550

Supports

1,5320 - 1,5200

more information on GBP/USD - British Pound Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

1,2269. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,2180 and 1,2475. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,2380 - 1,2475

Supports

1,2180 - 1,2040

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1989. USD CHF is in a range between 1,1830 and 1,2070. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. We won't take a position.

Resistances

1,2070 - 1,2160

Supports

1,1970 - 1,1830

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USD/JPY - Dollar Yen

95,23. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 94,70 (53 pips). The price should continue to move in Bollinger bands. If the support is broken then the target will be 93,00 (223 pips).
We are waiting for a break of the support to take a short position.

Resistances

95,40 - 95,75

Supports

94,70 - 93,50

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