Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4263. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4320 - 1,4450

Supports

1,4250 - 1,4105

GBP/USD - British Pound Dollar

1,6544. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,6400 / 1,6660 range.

Resistances

1,6610 - 1,6660

Supports

1,6535 - 1,6405

USD/CHF - Dollar Swiss Franc

1,0724. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,0625 support (99 pips).

Resistances

1,0735 - 1,0800

Supports

1,0675 - 1,0625

USD/CAD - US Dollar Canadian Dollar

1,0887. USD CAD is in a consolidation after the last bearish movement. There is an horizontal range between 1,0820 and 1,0910. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,0910 - 1,0790

Supports

1,0800 - 1,0755

USD/JPY - Dollar Yen

95,23. There is an horizontal range between 95,10 and 96,50. Support and resistance are given by Bollinger bands. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 95,00 (23 pips). If the support breaks then the target will be 94,00 (123 pips).

Resistances

95,50 - 96,50

Supports

95,10 - 94,00

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