Currency Majors Technical Analysis

American Session EUR/USD – Euro Dollar 1,2612. EUR USD is in a range between 1,2550 and 1,2690. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. forexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. Resistances 1,2690 – 1,2810 Supports 1,2580 – 1,2520 GBP/USD – British Pound Dollar 1,4115. GBP USD is in a consolidation after the last bearish movement.

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