Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4279. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,4220 / 1,4390 range.

Resistances

1,4315 - 1,4400

Supports

1,4260 - 1,4205

GBP/USD - British Pound Dollar

1,6242. GBP USD is in a range between 1,6155 and 1,6385. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,6155 / 1,6385 range.

Resistances

1,6265 - 1,6385

Supports

1,6220 - 1,6155

USD/CHF - Dollar Swiss Franc

1,0607. USD CHF is in a consolidation after the last bearish movement. There is an horizontal range between 1,0550 and 1,0620. Support and resistance are given by Bollinger bands. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0620 - 1,0715

Supports

1,0585 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,0946. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1000 - 1,1030

Supports

1,0895 - 1,0790

USD/JPY - Dollar Yen

92,69. USD JPY broke 93,35 support. 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. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 92,00 support (69 pips).

Resistances

93,35 - 94,05

Supports

92,55 - 92,00

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