Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4208. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4190 (18 pips). The uptrend should continue to gather momentum.

Resistances

1,4250 - 1,4320

Supports

1,4160 - 1,4060

GBP/USD - British Pound Dollar

1,6505. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6550 - 1,6620

Supports

1,6470 - 1,6340

USD/CHF - Dollar Swiss Franc

1,0696. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0710 (14 pips). The downtrend should continue to gather momentum.

Resistances

1,0710 - 1,0790

Supports

1,0660 - 1,0600

USD/CAD - US Dollar Canadian Dollar

1,1071. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,1090 - 1,1125

Supports

1,1020 - 1,0960

USD/JPY - Dollar Yen

93,99. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 93,75 (24 pips). The consolidation should continue.

Resistances

94,30 - 91,70

Supports

93,75 - 93,45

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