Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4360. EUR USD broke 1,4280 resistance. 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 high. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in 1,4330 / 1,4450 range.

Resistances

1,4405 - 1,4445

Supports

1,4330 - 1,4280

GBP/USD - British Pound Dollar

1,6276. GBP USD broke 1,6250 resistance. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,6160 / 1,6310 range. If the resistance breaks then the target will be 1,6380 (104 pips).

Resistances

1,6305 - 1,6380

Supports

1,6250 - 1,6160

USD/CHF - Dollar Swiss Franc

1,0587. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0550 / 1,0635 range.

Resistances

1,0600 - 1,0635

Supports

1,0560 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,0884. USD CAD is in a consolidation after the last bearish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue.

Resistances

1,0915 - 1,1000

Supports

1,0835 - 1,0725

USD/JPY - Dollar Yen

93,65. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

93,85 - 94,55

Supports

93,40 - 92,50

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