Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3294. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3340 (46 pips). The consolidation should continue. The price should continue to move in 1,3235 / 1,3340 range.

Resistances

1,3340 - 1,3395

Supports

1,3235 - 1,3090

GBP/USD - British Pound Dollar

1,4812. GBP USD broke 1,4750 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4850 (38 pips). The consolidation should continue.

Resistances

1,4850 - 1,4940

Supports

1,4740 - 1,4665

USD/CHF - Dollar Swiss Franc

1,1331. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1360 (29 pips). The downtrend should continue to gather momentum.

Resistances

1,1390 - 1,1450

Supports

1,1300 - 1,1240

USD/CAD - US Dollar Canadian Dollar

1,1971. USD CAD broke 1,2075 support. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2015 (44 pips). The downtrend should continue to gather momentum.

Resistances

1,2015 - 1,2040

Supports

1,1940 - 1,1850

USD/JPY - Dollar Yen

97,25. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The consolidation should continue.

Resistances

97,95 - 98,50

Supports

97,20 - 96,60