Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2903. EUR USD broke 1,3040 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2840 (63 pips). If the support is broken then the target will be 1,2750 (153 pips).

Resistances

1,3040 - 1,3170

Supports

1,2840 - 1,2750

GBP/USD - British Pound Dollar

1,4250. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4360 - 1,4435

Supports

1,4200 - 1,4075

USD/CAD - US Dollar Canadian Dollar

1,2270. USD CAD is in a range between 1,2130 and 1,2310. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,2310 - 1,2515

Supports

1,2130 - 1,2020

USD/CHF - Dollar Swiss Franc

1,1529. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,1575 - 1,1700

Supports

1,1440 - 1,1330

USD/JPY - Dollar Yen

89,42. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 88,70 / 90,60 range.

Resistances

89,60 - 90,25

Supports

89,30 - 88,70