EUR/USD (a 4-hour chart)
We expect many interesting news from the Eurozone this week, but the main event, of course, will be the ECB meeting.
The pair is testing support 1.3580-1.3625. A breakthrough and a consolidation below it will open the way to further falling to 1.3295-1.3370. Meanwhile, if the support 1.3580-1.3625 limits the pair falling it is likely to make another attempt to overcome the resistance 1.3830.
The northern movement is canceled. The sell signal is confirmed and strong. The price is below the cloud and above the Chinkou Span.
The downward movement will be until the Kijun-Sen is above the price. Kijun-Sen and Tenkan Sen are directed downwards.
Bollinger Bands shows a change of a course. The bands are turning down. The short positions are relevant now.
MACD is in a negative area, the histogram is directed downwards.
The support at 1.3620/30 could not stop the price falling. The pair continued to fall with a goal 1.3570/80.
A consolidation is expected in a sideways range 1.3630/20 - 1.3570/80, but we can not exclude the formation of a correction to 1.3690/80.