EUR/USD (a 4-hour chart)
Traders ignored the US strong labor market macroeconomic statistics and showed the lack of desire to hold short positions. On the other hand, the "black gold" prices decline supports the US dollar. The German 10-year bond yields set a fresh historic low, while the US bond yields did not update the October lows of 2014.
The second half of the last week was held in the framework of upward correction within the euro/dollar. This correction continued yesterday after a slight falling.
The price is finding the first support at 1.1770, the next one is at 1.1690. The price is finding the first resistance at 1.1850, the next one is at 1.1950.
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 correcting.
The upward movement potential target is 1.1850. If the price falls it will get to 1.1770.