Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3188. EUR USD broke 1,3090 resistance. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3220 (32 pips). If the resistance breaks then the target will be 1,3300 (112 pips).

Resistances

1,3220 - 1,3300

Supports

1,3090 - 1,2975

GBP/USD - British Pound Dollar

1,4720. GBP USD is in a range between 1,4515 and 1,4755. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,4515 / 1,4755 range.

Resistances

1,4720 - 1,4755

Supports

1,4615 - 1,4515

USD/CHF - Dollar Swiss Franc

1,1406. USD CHF is in a range between 1,1350 and 1,1600. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,1350 support (56 pips). If the support breaks then the target will be 1,1250 (156 pips).

Resistances

1,1450 - 1,1530

Supports

1,1400 - 1,1350

USD/CAD - US Dollar Canadian Dollar

1,2130. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 1,2070 (60 pips).

Resistances

1,2165 - 1,2270

Supports

1,2070 - 1,2010

USD/JPY - Dollar Yen

96,82. USD JPY broke 96,70 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 96,00 / 97,30 range.

Resistances

97,00 - 97,60

Supports

96,30 - 95,60