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159,88. EUR JPY broke 160,50 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue to gather momentum. The price should find a support above 159,70. If the support is broken then the target will be 158,60. Resistances 160,15 – 160,50 [...]

1,5815. EUR CHF broke 1,5880 support. EUR CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue on 1,5790 support. Resistances 1,5830 – 1,5875 Supports 1,5810 – [...]

1,6974. EUR AUD 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. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position.. Resistances [...]

Dollar manages to break lower… but for how long? European releases overnight: Q4                                                    Forecast   ActualEuro-zone GDP (F)                   (QoQ)   +0.4%    +0.4%Euro-zone GDP (F)                    (YoY)   +2.2%    +2.2% FebruaryU.K. Industrial Production         (MoM)   +0.1%    +0.3%U.K. Industrial Production          (YoY)   +1.2%    +1.3%U.K. Manufacturing Production   (MoM)   +0.0%    +0.4%U.K. Manufacturing Production    (YoY)   +1.5%    +1.9% Another quiet European session that brought disappointment to Sterling bears as industrial [...]

1,9709. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,9730. The uptrend should continue to gather [...]