Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3474. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3420 (54 pips). The consolidation should continue. If the support breaks then the target will be 1,3100 (374 pips).

Resistances

1,3530 - 1,3740

Supports

1,3420 - 1,3100

GBP/USD - British Pound Dollar

1,4674. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. 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 GBP USD. The price should find a resistance below 1,4800 (126 pips). The consolidation should continue. If the resistance breaks then the target will be 1,4950 (276 pips).

Resistances

1,4780 - 1,4800

Supports

1,4585 - 1,4400

USD/CHF - Dollar Swiss Franc

1,1304. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,1160 / 1,1340 range.

Resistances

1,1340 - 1,1430

Supports

1,1210 - 1,1160

USD/CAD - US Dollar Canadian Dollar

1,2290. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,2200 / 1,2350 range.

Resistances

1,2340 - 1,2430

Supports

1,2270 - 1,2200

USD/JPY - Dollar Yen

97,58. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 98,60 (102 pips). The uptrend seems to be finished. The trend should reverse.

Resistances

98,60 - 99,00

Supports

97,35 - 96,60