Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2893. EUR USD is in a range between 1,2760 and 1,3070. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,2700 / 1,3070 range.

Resistances

1,3000 - 1,3070

Supports

1,2880 - 1,2760

GBP/USD - British Pound Dollar

1,4718. 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. Oscillators are neutral. The price should find a resistance below 1,4875 (157 pips). The consolidation should continue.

Resistances

1,4875 - 1,5000

Supports

1,4650 - 1,4350

USD/CAD - US Dollar Canadian Dollar

1,2257. USD CAD is in a consolidation after the last bearish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,2000 / 1,2500 range.

Resistances

1,2285 - 1,2520

Supports

1,2130 - 1,2000

USD/CHF - Dollar Swiss Franc

1,1640. USD CHF 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 bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,1660 - 1,1745

Supports

1,1565 - 1,1400

USD/JPY - Dollar Yen

90,97. USD JPY is in a consolidation after the last bullish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 90,80 (17 pips). The consolidation should continue. If the support breaks then the target will be 89,00 (197 pips).

Resistances

91,50 - 92,25

Supports

90,80 - 90,00