Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3039. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3120 (81 pips). The consolidation should continue.

Resistances

1,3060 - 1,3120

Supports

1,2930 - 1,2800

GBP/USD - British Pound Dollar

1,4401. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4050 and 1,4500. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4500 (99 pips). The consolidation should continue.

Resistances

1,4500 - 1,4700

Supports

1,4300 - 1,4170

USD/CAD - US Dollar Canadian Dollar

1,2329. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,2225 / 1,2500 range.

Resistances

1,2400 - 1,2520

Supports

1,2290 - 1,2225

USD/CHF - Dollar Swiss Franc

1,1436. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,1400 (36 pips). If the support breaks then the target will be 1,1330 (106 pips).

Resistances

1,1490 - 1,1580

Supports

1,1400 - 1,1330

USD/JPY - Dollar Yen

89,39. USD JPY is in a range between 89,00 and 90,00. 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 Bollinger bands.

Resistances

89,70 - 90,00

Supports

89,00 - 88,60