Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4381. 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 decreases. Bollinger bands are tightened. 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 1,4350 (31 pips). The uptrend should continue to gather momentum.

Resistances

1,4445 - 1,4500

Supports

1,4350 - 1,4330

GBP/USD - British Pound Dollar

1,6931. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6875 (56 pips). The uptrend should continue to gather momentum.

Resistances

1,7000 - 1,7050

Supports

1,6910 - 1,6820

USD/CHF - Dollar Swiss Franc

1,0619. USD CHF is in a consolidation after the last bearish movement. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0630 (11 pips). The consolidation should continue.

Resistances

1,0630 - 1,0660

Supports

1,0565 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,0683. 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 tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0690 (7 pips). The downtrend should continue to gather momentum.

Resistances

1,0695 - 1,0755

Supports

1,0635 - 1,0550

USD/JPY - Dollar Yen

95,11. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 94,5 / 95,90 range.

Resistances

95,50 - 95,80

Supports

94,80 - 94,00

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