EUR/USD (a 4-hour chart)
The euro grew slightly against the dollar. Probably after the marks test near the level of 1.3300/20 which the pair visited last time 9 months ago and therefore became the strong psychological support, some investors decided to close the euro short positions and take profit in a geopolitical situation tense. The euro area economy data which could impact the euro were not published besides the Germany trade surplus report that slightly disappointed the market as its result wasn’t good.
The price is finding the support at 1.3360, the next one is at 1.3280. The price is finding the first resistance at 1.3420, the next one is at 1.3480.
There is a confirmed and weak 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 histogram is growing.
The 1.3460 and 1.3485 marks are important strong resistance. These marks retest is more likely to lead to the price bounce down and the bearish trend further continuation.