Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4029. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3890 and 1,4110. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3950 (79 pips).

Resistances

1,4050 - 1,4110

Supports

1,3950 - 1,3890

GBP/USD - British Pound Dollar

1,6484. GBP USD is in a range between 1,6210 and 1,6600. The volatility is low. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6210 / 1,6600 range.

Resistances

1,6565 - 1,6600

Supports

1,6365 - 1,6210

USD/CHF - Dollar Swiss Franc

1,0866. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should continue to move in 1,0630 / 1,1030 range.

Resistances

1,0925 - 1,1030

Supports

1,0790 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,1556. USD CAD is in a range between 1,1425 and 1,1640. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should continue to move in 1,1425 / 1,1640 range.

Resistances

1,1585 - 1,1640

Supports

1,1460 - 1,1425

USD/JPY - Dollar Yen

95,36. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 94,90 / 96,50 range.

Resistances

95,70 - 96,50

Supports

94,90 - 94,40

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