EUR/USD (a 4-hour chart)
The pair tested the resistance at the level 1.3670 and if the pair consolidates above it the upward dynamics is likely to grow and if it consolidates below – a downward one that will lead to 1.3295 or 1.3100 testing. The reverse trend reversal upwards is possible from any support line while break below 1.3100 currently seems unlikely.
At the same time if the pair remains above the level 1.3590–1.3625, it will signal a growth resumption with the target to fix above 1.3830 and with the level 1.4000 testing.
We have a southern movement. 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 are in a lateral movement. The bands are turning.
MACD is in a negative area, the histogram is growing.
The current trend is directed downwards though the pair is correcting right now. If the pair enters the Cloud that can cancel the downward dynamics and the pair can return to the growth.
1.3740 is the first target for the growth.
1.3540 if the pair goes down.