Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2908. EUR USD is in a range between 1,2700 and 1,3070. EUR USD 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

1,2995 - 1,3070

Supports

1,2810 - 1,2700

GBP/USD - British Pound Dollar

1,4367. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,4325 / 1,4450 range. If the support breaks then the target will be 1,3850 (517 pips).

Resistances

1,4415 - 1,4570

Supports

1,4325 - 1,4170

USD/CAD - US Dollar Canadian Dollar

1,2420. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,2150 / 1,2515 range.

Resistances

1,2440 - 1,2515

Supports

1,2380 - 1,2270

USD/CHF - Dollar Swiss Franc

1,1592. USD CHF is in a range between 1,1510 and 1,1630. USD CHF 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

1,1630 - 1,1785

Supports

1,1560 - 1,1510

USD/JPY - Dollar Yen

90,06. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should find a support above 89,90 (16 pips). If the support breaks then the target will be 88,70 (136 pips).

Resistances

90,50 - 91,00

Supports

89,80 - 88,70