Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3922. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,3800 and 1,3985. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3925 (3 pips). The downtrend should continue to gather momentum.

Resistances

1,3925 - 1,3985

Supports

1,3875 - 1,3800

GBP/USD - British Pound Dollar

1,6346. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,6210 and 1,6500. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,6370 (24 pips).

Resistances

1,6370 - 1,6410

Supports

1,6300 - 1,6210

USD/CHF - Dollar Swiss Franc

1,0855. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0765 / 1,0900 range.

Resistances

1,0900 - 1,0955

Supports

1,0830 - 1,0760

USD/CAD - US Dollar Canadian Dollar

1,1310. USD CAD is in a range between 1,0225 and 1,0425. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1370 - 1,1725

Supports

1,1270 - 1,1225

USD/JPY - Dollar Yen

96,56. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue.

Resistances

96,80 - 97,60

Supports

96,35 - 95,50

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