Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2716. EUR USD is in a range between 1,2565 and 1,2750. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,2750 (34 pips). If the resistance breaks then the target will be 1,2900 (184 pips).

Resistances

1,2750 - 1,2800

Supports

1,2565 - 1,2450

GBP/USD - British Pound Dollar

1,3814. GBP 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,3700 (114 pips). The consolidation should continue. If the support breaks then the target will be 1,3000 (814 pips).

Resistances

1,3860 - 1,3990

Supports

1,3740 - 1,3700

USD/CHF - Dollar Swiss Franc

1,1521. USD CHF is in a range between 1,1500 and 1,1630. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should consolidate. The price should find a support above 1,1500 (21 pips). If the support breaks then the target will be 1,1400 (121 pips).

Resistances

1,1600 - 1,1680

Supports

1,1500 - 1,1400

USD/CAD - US Dollar Canadian Dollar

1,2914. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should continue to move in 1,2890 / 1,3065 range.

Resistances

1,2950 - 1,3065

Supports

1,2890 - 1,2710

USD/JPY - Dollar Yen

98,54. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 96,50 and 99,70. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 97,25 / 99,70 range.

Resistances

99,15 - 99,70

Supports

98,00 - 97,25