Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2846. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,2790 (56 pips). The consolidation should continue.

Resistances

1,2915 - 1,3070

Supports

1,2790 - 1,2700

GBP/USD - British Pound Dollar

1,4447. 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 1,4600 (153 pips). The consolidation should continue.

Resistances

1,4550 - 1,4700

Supports

1,4350 - 1,4175

USD/CAD - US Dollar Canadian Dollar

1,2312. USD CAD is in a range between 1,2260 and 1,2420. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,2350 - 1,2420

Supports

1,2260 - 1,2200

USD/CHF - Dollar Swiss Franc

1,1593. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1680 (87 pips). The consolidation should continue.

Resistances

1,1640 - 1,1680

Supports

1,1550 - 1,1400

USD/JPY - Dollar Yen

89,48. USD JPY is in a range between 88,85 and 89,80. 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

89,80 - 90,75

Supports

88,85 - 88,60