EUR/USD (a 4-hour chart)
Last Friday main event was the February US labor market publication. The Non-Farm data output was better than it was forecasted. The positive publication was followed by the pair decrease. However, the US and Germany 10-year bond yields expansion will deter the bulls from the active attack.
Having consolidated below the level of 1.1040, sellers actively continued to decline the euro against the US dollar amid the increased volume. The mark of 1.0925 has been broken.
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 1.1040.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is falling.
The downward movement will be continued. The pair may go to 1.0790 soon.