15, February 2016

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

General overview

The 10-year government bonds in Germany showed growth to their counterparts from the US and the UK, which increased the investment attractiveness in European assets.

The first support lies at 1.1260 and then at 1.1150. The first resistance stands at 1.1350, the next one is at 1.1440.

There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is increasing.

Trading recommendations

The decrease targets are remained the same, the levels of support: 1.1150 and 1.1050. The pair may grow to the resistance level of 1.1440.