EUR/USD (a 4-hour chart)
The euro remained within the side trend and slightly declined against the US dollar. The main decline was after the weak German industrial production and the trade balance figures publication. The Germany industrial volume fell by 1.4% in June. The market had expected a growth by 0.3%. While the country trade surplus unexpectedly fell against the expected growth.
Earlier the US dollar was supported by the initial jobless claims data which rose to 270K. The forecast median was 273K.
The short-term correction within the euro was formed that is consolidating below the resistance level of 1.0925. Then the pair broke this level upwards.
The price is finding the first support at 1.0925, the next one is 1.0790. The price is finding the first resistance at 1.1050, the next one is at 1.1150.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is above 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 correcting.
After the support level of 1.0925 breakthrough down the way to the support levels of 1.0790 and 1.0670 will be opened.