Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4211. 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. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4160 (51 pips). The uptrend should continue to gather momentum.

Resistances

1,4250 - 1,4325

Supports

1,4160 - 1,4060

GBP/USD - British Pound Dollar

1,6432. GBP USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6320 / 1,6470 range.

Resistances

1,6470 - 1,6550

Supports

1,6320 - 1,6265

USD/CHF - Dollar Swiss Franc

1,0670. 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. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0720 (50 pips). The downtrend should continue to gather momentum.

Resistances

1,0720 - 1,0790

Supports

1,0655 - 1,0620

USD/CAD - US Dollar Canadian Dollar

1,1035. 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

1,1120 - 1,1230

Supports

1,0980 - 1,0900

USD/JPY - Dollar Yen

93,48. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

93,80 - 94,40

Supports

93,30 - 93,00

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