EUR/USD (a 4-hour chart)
The correction is over and the pair returned to the downward movement.
The sell signal is strong and confirmed. The Chinkou Span and Kijun-Sen are above the price chart, the pair is being traded below the Ichimoku cloud.
The pair keeps falling. The current target is the level 1.2760 which was tested the last week. If the price is fixed at this level, the downward movement may continue to the level 1.2680.
The downward movement will be relevant as long as the pair is trading under the cloud.
Bollinger Bands indicate a reversal and a return to the southern movement.
MACD turns down, from the positive to the negative zone.
The indicators show a return to the downward movement.
In the short term we expect the fall to a local minimum with the possibility to reach the next support level - 1.2680.
An alternative may be the selling after the confirmed breakdown of the next key support levels, for example 1.2760. The second goal is the level 1.2680.
Place a stop loss above the Kijun-sen in the case of a southern movement and below the Kijun-sen, in the case of a north one, respectively. As the price moves we move and stop level after it.
When you open positions consider the fundamental analysis and the time economical news is released.