Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4219. EUR USD is in a consolidation after the last bullish 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 1,4205 / 1,4270 range. If the support breaks then the target will be 1,4130 (89 pips).

Resistances

1,4240 - 1,4270

Supports

1,4205 - 1,4130

GBP/USD - British Pound Dollar

1,6452. GBP USD 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 1,6280 / 1,6595 range.

Resistances

1,6520 - 1,6595

Supports

1,6375 - 1,6280

USD/CHF - Dollar Swiss Franc

1,0645. USD CHF is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 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 support above 1,0620 (25 pips). The consolidation should continue.

Resistances

1,0685 - 1,0730

Supports

1,0625 - 1,0600

USD/CAD - US Dollar Canadian Dollar

1,0925. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a support above 1,0870 (55 pips). The consolidation should continue.

Resistances

1,0940 - 1,1000

Supports

1,0870 - 1,0815

USD/JPY - Dollar Yen

93,68. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 93,50 (18 pips). The price should consolidate.

Resistances

93,85 - 94,40

Supports

93,50 - 93,25

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