Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3412. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3500 (88 pips). The consolidation should continue.

Resistances

1,3500 - 1,3580

Supports

1,3350 - 1,3120

GBP/USD - British Pound Dollar

1,4689. 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 continue to move in 1,4640 / 1,4770 range. If the resistance breaks then the target will be 1,4900 (211 pips).

Resistances

1,4770 - 1,4900

Supports

1,4640 - 1,4425

USD/CHF - Dollar Swiss Franc

1,1361. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,1320 / 1,1495 range.

Resistances

1,1380 - 1,1495

Supports

1,1320 - 1,1170

USD/CAD - US Dollar Canadian Dollar

1,2412. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2465 (53 pips). The downtrend should continue on 1,2270 support (142 pips).

Resistances

1,2465 - 1,2525

Supports

1,2345 - 1,2250

USD/JPY - Dollar Yen

99,63. USD JPY 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 USD JPY. The price should find a resistance below 100,00 (37 pips). The consolidation should continue.

Resistances

100,00 - 100,50

Supports

99,00 - 98,40