Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3583. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3420 and 1,3740. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,3420 / 1,3650 range.

Resistances

1,3650 - 1,3740

Supports

1,3500 - 1,3420

GBP/USD - British Pound Dollar

1,4445. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4400 (45 pips). If the support breaks then the target will be 1,4160 (285 pips).

Resistances

1,4510 - 1,4630

Supports

1,4395 - 1,4300

USD/CHF - Dollar Swiss Franc

1,1243. USD CHF is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1340 (97 pips). The downtrend should continue to gather momentum.

Resistances

1,1290 - 1,1340

Supports

1,1170 - 1,1100

USD/CAD - US Dollar Canadian Dollar

1,2285. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2340 (55 pips). The downtrend should continue to gather momentum.

Resistances

1,2340 - 1,2360

Supports

1,2250 - 1,2200

USD/JPY - Dollar Yen

97,85. USD JPY broke 98,20 support. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 97,30 support (55 pips).

Resistances

98,20 - 98,90

Supports

97,50 - 96,95