Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2914. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,2950 (36 pips). The price should consolidate.

Resistances

1,2940 - 1,3050

Supports

1,2860 - 1,2730

GBP/USD - British Pound Dollar

1,3922. GBP USD is in a range between 1,3675 and 1,3980. 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 1,3675 / 1,4000 range.

Resistances

1,3980 - 1,4090

Supports

1,3870 - 1,3675

USD/CHF - Dollar Swiss Franc

1,1896. USD CHF 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1970 (74 pips). If the resistance breaks then the target will be 1,2400 (504 pips).

Resistances

1,1970 - 1,2100

Supports

1,1840 - 1,1690

USD/CAD - US Dollar Canadian Dollar

1,2776. USD CAD is in a range between 1,2710 and 1,2940. USD CAD 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 bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should continue to move in 1,2710 / 1,2940 range.

Resistances

1,2840 - 1,2940

Supports

1,2770 - 1,2710

USD/JPY - Dollar Yen

97,77. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 98,50 (73 pips). The trend should reverse. The target is expected at 95,00 (277 pips).

Resistances

98,30 - 99,20

Supports

97,15 - 95,60