Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3151. 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3220 resistance (69 pips). If the resistance breaks then the target will be 1,3500 (349 pips).

Resistances

1,3220 - 1,3270

Supports

1,3110 - 1,3080

GBP/USD - British Pound Dollar

1,4674. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4445 and 1,4740. The volatility is high. Oscillators are neutral. The price should continue to move in 1,4440 / 1,4740 range.

Resistances

1,4740 - 1,4840

Supports

1,4600 - 1,4440

USD/CHF - Dollar Swiss Franc

1,1494. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,1570 (76 pips). The downtrend should continue on 1,1400 support (94 pips).

Resistances

1,1530 - 1,1565

Supports

1,1490 - 1,1400

USD/CAD - US Dollar Canadian Dollar

1,2242. USD CAD broke 1,2330 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2280 (38 pips). The downtrend should continue to gather momentum.

Resistances

1,2280 - 1,2330

Supports

1,2230 - 1,2185

USD/JPY - Dollar Yen

97,05. USD JPY broke 97,65 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 97,50 (45 pips). The downtrend should continue on 96,50 support (55 pips). If the support breaks then the target will be 94,20 (285 pips).

Resistances

97,50 - 98,00

Supports

97,00 - 96,50