Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4054. EUR USD broke 1,4130 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,4000 / 1,4070 range.

Resistances

1,4070 - 1,4130

Supports

1,4005 - 1,3950

GBP/USD - British Pound Dollar

1,6411. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,6415 - 1,6560

Supports

1,6345 - 1,6300

USD/CHF - Dollar Swiss Franc

1,0859. USD CHF broke 1,0770 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0910 (51 pips). The consolidation should continue.

Resistances

1,0910 - 1,0960

Supports

1,0845 - 1,0770

USD/CAD - US Dollar Canadian Dollar

1,0899. USD CAD broke 1,0880 resistance. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0950 (51 pips). The consolidation should continue.

Resistances

1,0925 - 1,0950

Supports

1,0880 - 1,0750

USD/JPY - Dollar Yen

95,05. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 95,40 (35 pips). The price should continue to move in 94,00 / 95,40 range.

Resistances

95,40 - 95,90

Supports

94,80 - 94,00

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