Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4333. 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 daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4350 (17 pips).

Resistances

1,4350 - 1,4380

Supports

1,4290 - 1,4175

GBP/USD - British Pound Dollar

1,6382. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6420 (38 pips). The price should continue to move in Bollinger bands.

Resistances

1,6420 - 1,6500

Supports

1,6365 - 1,6235

USD/CHF - Dollar Swiss Franc

1,0587. USD CHF 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 bearish configuration. The price should continue to move in 1,0530 / 1,0710 range.

Resistances

1,0635 - 1,0710

Supports

1,0580 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,0846. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,0795 support (51 pips).

Resistances

1,0900 - 10965

Supports

1,0795 - 1,0700

USD/JPY - Dollar Yen

93,15. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 93,40 (25 pips). The price should consolidate.

Resistances

93,40 - 93,80

Supports

92,70 - 91,90

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