Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4233. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4270 (37 pips). If the resistance breaks then the target will be 1,4450 (217 pips).

Resistances

1,4270 - 1,4330

Supports

1,4175 - 1,4050

GBP/USD - British Pound Dollar

1,6538. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,6265 / 1,6650 range.

Resistances

1,6595 - 1,6650

Supports

1,6480 - 1,6375

USD/CHF - Dollar Swiss Franc

1,0665. 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0685 (20 pips). The downtrend should continue on 1,0550 support (115 pips).

Resistances

1,0790 - 1,0835

Supports

1,0750 - 1,0675

USD/CAD - US Dollar Canadian Dollar

1,0966. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1000 (34 pips). The downtrend should continue on 1,0825 support (141 pips).

Resistances

1,0985 - 1,1005

Supports

1,0940 - 1,0815

USD/JPY - Dollar Yen

94,37. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

94,45 - 95,25

Supports

93,65 - 93,00

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