EUR/USD (a 4-hour chart)
Euro almost did not show a reaction to a weak to a weak retail sales report while we thought it would grow by 0.1%. Services PMI fell in November, less than everyone expected to 51.2 p. against the preliminary estimate of 50.9 and the estimate of 51.6. We got fine news only from Germany - as the indices of France and Italy went worse than expected.
The resistance range is at level 1.3300 - 1.3670 limiting the growth of the pair. However, only a breakthrough and consolidation above it shall confirm a continuation of the upward trend to a maximum 1.3830 and probably further to 1.4000.
EUR/USD keeps growing. Chinkou Span is below the price, and the price is above the Ichimoku cloud. We have a strong buy signal. Tenkan-Sen and Kijun-sen are following the pair up, both lines are directed upwards. The Cloud is growing.
The upward movement remains as long as the Kijun-sen is located below the price.
Bollinger bands are directed upwards. The bands are in a lateral movement changing the direction.
MACD histogram is still located in the positive zone, continuing to decrease and thus sending a sell.
The pair was supported by fundamental news and resumed its growth, reaching 1.3670 yesterday. The next stop is 1.37, should the pair break this level and the road to 1.3740 will be opened. There might be a consolidation around the level 1.37.