Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3167. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,3150 / 1,3300 range.

Resistances

1,3215 - 1,3300

Supports

1,3150 - 1,3100

GBP/USD - British Pound Dollar

1,4612. GBP USD is in a range between 1,4580 and 1,4755. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,4580 / 1,4750 range. If the support breaks then the target will be 1,4450 (162 pips).

Resistances

1,4655 - 1,4750

Supports

1,4580 - 1,4450

USD/CHF - Dollar Swiss Franc

1,1436. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1360 / 1,1450 range.

Resistances

1,1450 - 1,1500

Supports

1,1360 - 1,1300

USD/CAD - US Dollar Canadian Dollar

1,2160. 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. The consolidation should continue. The price should continue to move in 1,2070 / 1,2220 range.

Resistances

1,2220 - 1,2340

Supports

1,2140 - 1,2070

USD/JPY - Dollar Yen

96,75. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 96,50 (25 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

97,40 - 97,85

Supports

96,55 - 96,00