European Session

EUR/USD - Euro Dollar

1,3647. EUR USD is in a consolidation after the last bullish movement. EUR USD 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 price should find a resistance below 1,3750 (103 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,3750 - 1,3840

Supports

1,3560 - 1,3440

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GBP/USD - British Pound Dollar

1,5070. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,5000 / 1,5200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5095 - 1,5300

Supports

1,5020 - 1,4730

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USD/CAD - US Dollar Canadian Dollar

1,1960. USD CAD is in a range between 1,1760 and 1,2000. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2000 (40 pips).
=> We could take a short position at 1,1960. We will put the stop loss above 1,2010 (-50 pips). The targets are 1,1870 (+90 pips, risk/reward 1:1.8), 1,1800 (+160 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances

1,2000 - 1,2070

Supports

1,1870 - 1,1760

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USD/CHF - Dollar Swiss Franc

1,0992. USD CHF 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 bullish configuration. The price should continue to move in 1,0850 / 1,1090 range. We won't take a position.

Resistances

1,1090 - 1,1180

Supports

1,0940 - 1,0850

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USD/JPY - Dollar Yen

92,21. USD JPY broke 92,90 support. USD JPY broke the uptrend to begin a bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 91,70 support (51 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

92,90 - 93,35

Supports

91,95 - 91,70

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