Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3908. EUR USD is in a range between 1,3880 and 1,4050. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3880 (28 pips). If the support breaks then the target will be 1,3800 (108 pips).

Resistances

1,3945 - 1,4050

Supports

1,3880 - 1,3800

GBP/USD - British Pound Dollar

1,6090. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.

Resistances

1,6160 - 1,6300

Supports

1,6060 - 1,6000

USD/CHF - Dollar Swiss Franc

1,0903. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,0920 - 1,0955

Supports

1,0875 - 1,0815

USD/CAD - US Dollar Canadian Dollar

1,1637. USD CAD is in a range between 1,1550 and 1,1680. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should continue to move in 1,1550 / 1,1680 range.

Resistances

1,1680 - 1,1720

Supports

1,1600 - 1,1550

USD/JPY - Dollar Yen

94,30. USD JPY 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. The price should find a support above 94,15 (15 pips). The price should consolidate.

Resistances

94,70 - 95,50

Supports

94,15 - 93,85

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