Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2641. There is an horizontal range between 1,2615 and 1,2800. Support and resistance are given by Bollinger bands. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,2500 (141 pips).

Resistances

1,2740 - 1,2825

Supports

1,2630 - 1,2560

GBP/USD - British Pound Dollar

1,3672. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,3000 support (672 pips).

Resistances

1,3800 - 1,3900

Supports

1,3650 - 1,3450

USD/CHF - Dollar Swiss Franc

1,1648. USD CHF is in a range between 1,1515 and 1,1680. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1680 - 1,1800

Supports

1,1560 - 1,1510

USD/CAD - US Dollar Canadian Dollar

1,2861. USD CAD is in a range between 1,2710 and 1,3060. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,2710 / 1,2950 range.

Resistances

1,2935 - 1,3060

Supports

1,2775 - 1,2710

USD/JPY - Dollar Yen

98,51. There is an horizontal range between 98,15 and 98,90. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

98,90 - 99,15

Supports

98,00 - 96,55