EUR/USD (a 4-hour chart)
The German 10-year government bond yields are decreasing relative to their US and the UK counterparts, which reduce the investments’ attractiveness into the European assets. In addition, the demand for higher-yielding stocks and cross-rates puts pressure on the euro as a funding currency. The United States presented a number of initial jobless claims for August. With forecast 274K, it turned out of 263K. The Fed also published its meeting minutes. It says the majority considers that the conditions for the rate increase will be achieved before the end of the year
The price is trying to continue its upward movement. Despite different directions of trading, the pair managed to break the resistance level of 1.1260 and continues to grow.
The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1325, the next one is at 1.1410.
The pair left the Cloud. We have a confirmed and strong buy signal The price is above the Cloud now and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen are directed upwards. The EUR/USD will grow until it is above the Cloud.
The MACD indicator is in a positive territory. The price is in a growing.
The pair is growing now. The first target is the level of 1.1325. The next target is the level of 1.1410.