Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2743. EUR USD is in a range between 1,2730 and 1,2940. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2730 (13 pips). If the support breaks then the target will be 1,2300 (443 pips).

Resistances

1,2810 - 1,1880

Supports

1,2730 - 1,2600

GBP/USD - British Pound Dollar

1,4188. GBP USD is in a range between 1,4160 and 1,4570. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4160 (28 pips). If the support breaks then the target will be 1,3850 (338 pips).

Resistances

1,4310 - 1,4570

Supports

1,4160 - 1,4030

USD/CAD - US Dollar Canadian Dollar

1,2439. USD CAD is in a range between 1,2300 and 1,2550. 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 continue to move in Bollinger bands.

Resistances

1,2450 - 1,2550

Supports

1,2300 - 1,2150

USD/CHF - Dollar Swiss Franc

1,1680. USD CHF is in a range between 1,1560 and 1,1690. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1690 - 1,1785

Supports

1,1565 - 1,1510

USD/JPY - Dollar Yen

91,74. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 92,00 (26 pips). The consolidation should continue.

Resistances

92,00 - 92,60

Supports

91,00 - 89,80