EUR/USD (a 4-hour chart)
The euro fell against the dollar on Monday, still it has not left the consolidation range. The pressure on the single currency came from the economic data provided by the Eurozone manufacturing activity final assessment and the leading countries in May, as well as the German inflation report in the same month.
The price is finding the support at 1.3610. The price is finding the first resistance at 1.3670, the next one is at 1.3710.
There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The downtrend movement will be until the price is under the Kijun-Sen. The Kijun-Sen is directed horizontally. The Cloud is descending.
The MACD indicator is in negative territory. The histogram is close to the zero level.
The consolidation at 1.3600 can lead to the price pullback up in the short term. To short confidently the sellers need to break and consolidate below the support level 1.3600. This breakthrough opens the way to the marks: 1.3570, 1.3520.