Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2922. EUR USD is in a range between 1,2720 and 1,3070. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2720 / 1,3070 range.

Resistances

1,2995 - 1,3070

Supports

1,2810 - 1,2720

GBP/USD - British Pound Dollar

1,4364. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,4170 / 1,4570 range.

Resistances

1,4420 - 1,4570

Supports

1,4320 - 1,4170

USD/CAD - US Dollar Canadian Dollar

1,2392. USD CAD is in a range between 1,2380 and 1,2540. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should find a support above 1,2380 (12 pips). If the support breaks then the target will be 1,2150 (242 pips).

Resistances

1,2460 - 1,2540

Supports

1,2380 - 1,2150

USD/CHF - Dollar Swiss Franc

1,1585. USD CHF is in a range between 1,1510 and 1,1675. 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 find a support above 1,1510 (75 pips). If the support breaks then the target will be 1,1300 (285 pips).

Resistances

1,1630 - 1,1675

Supports

1,1565 - 1,1510

USD/JPY - Dollar Yen

91,04. USD JPY is in a range between 89,80 and 92,25. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 89,80 / 92,00 range.

Resistances

91,30 - 92,25

Supports

90,65 - 89,80