Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3662. EUR USD broke 1,3440 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (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 1,3740 resistance (78 pips). If the support breaks then the target will be 1,3850 (188 pips).

Resistances

1,3670 - 1,3740

Supports

1,3540 - 1,3440

GBP/USD - British Pound Dollar

1,5218. GBP USD broke 1,5150 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,5090 (128 pips). The uptrend should continue to gather momentum.

Resistances

1,5250 - 1,5330

Supports

1,5150 - 1,5090

USD/CHF - Dollar Swiss Franc

1,1032. USD CHF broke 1,1240 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,1100 - 1,1150

Supports

1,1020 - 1,0950

USD/CAD - US Dollar Canadian Dollar

1,1491. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,1575 - 1,1630

Supports

1,1485 - 1,1400

USD/JPY - Dollar Yen

98,36. USD JPY is in a range between 97,90 and 99,60. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 97,90 / 99,60 range.

Resistances

98,80 - 99,60

Supports

97,90 - 97,10