EUR/USD (a 4-hour chart)
The ECB last meeting minutes will have no pressure on the euro as Mario Draghi has already noted that the regulator monetary economists raised their benchmark inflation estimates over the next two years. The US ADP employment and the ISM manufacturing sector business activity weak releases contributed to the US and Germany bond yields spread reduction which is a bullish factor for the euro.
The strong support level of 1.0790 breakthrough was followed by the reverse breakthrough. Now the mark of 1.0925 is playing the role of the reference resistance.
The price is finding the first support at 1.0790, the next one is at 1.0670. The price is finding the first resistance at 1.0925, the next one is at 1.1050.
The price is in the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement.
The MACD indicator is in a neutral territory. The price is correcting.
The pair can fall to the resistance level of 1.0790. After breaking 1.0670 the sellers may go to 1.0670 and 1.0550.