EUR/USD (a 4-hour chart)
The Germany 10-year government bonds were moderately growing in relation to their counterparts from the United States and Germany, which increases the investment attractiveness of European assets. Earlier, Mario Draghi reiterated the regulator’s readiness to continue the soft monetary policy in March.
The first support lies at 1.1050 and then at 1.0925. The first resistance stands at 1.1150, the next one is at 1.1260
The price is in the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement forming a “Dead Cross”.
The MACD indicator is in a negative territory. The price is decreasing.
The consolidation will be continued. The upward bounce potential target are 1.1150. If the price falls it will get to 1.1050.