Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3556. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,3515 / 1,3715 range. If the support breaks then the target will be 1,3350 (206 pips).

Resistances

1,3600 - 1,3715

Supports

1,3535 - 1,3440

GBP/USD - British Pound Dollar

1,5135. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,5095 (40 pips). If the support breaks then the target will be 1,4970 (165 pips).

Resistances

1,5175 - 1,5240

Supports

1,5095 - 1,4970

USD/CHF - Dollar Swiss Franc

1,1092. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1120 - 1,1240

Supports

1,1060 - 1,0980

USD/CAD - US Dollar Canadian Dollar

1,1755. USD CAD broke 1,1680 resistance. USD CAD is in a consolidation after the last bullish movement. The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,1820 resistance (65 pips).

Resistances

1,1810 - 1,1975

Supports

1,1680 - 1,1555

USD/JPY - Dollar Yen

95,61. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 95,75 (14 pips). The downtrend should continue on 94,00 support (161 pips).

Resistances

95,70 - 96,70

Supports

95,15 - 94,75