Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3452. EUR USD broke 1,3530 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,3350 support (102 pips).

Resistances

1,3500 - 1,3535

Supports

1,3420 - 1,3350

GBP/USD - British Pound Dollar

1,5156. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5070 / 1,5270 range.

Resistances

1,5200 - 1,5270

Supports

1,5120 - 1,5070

USD/CHF - Dollar Swiss Franc

1,1233. USD CHF broke 1,1125 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1260 (27 pips). The consolidation should continue.

Resistances

1,1260 - 1,1415

Supports

1,1210 - 1,1125

USD/CAD - US Dollar Canadian Dollar

1,1784. USD CAD is in a consolidation after the last bullish movement. The volatility is high. 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 1,1850 (66 pips). The price should consolidate.

Resistances

1,1810 - 1,1850

Supports

1,1750 - 1,1685

USD/JPY - Dollar Yen

94,77. 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 95,35 (58 pips). The downtrend should continue to gather momentum.

Resistances

95,35 - 96,20

Supports

94,55 - 94,00