EUR/USD (a 4-hour chart)
The single European currency returned to a growth versus the dollar and recorded a profit on a daily basis. Probably, after some analysis the market found the reaction to the words of M. Draghi so excessive that can be named nothing else but a verbal intervention.
The support is 1.3860, and the resistance is 1.3925.
There is a strong northern movement. The price is above the Cloud and below the Chinkou Span. The upward movement will be until the Kijun-Sen is above the price. The Tenkan-Sen is crossing the Kijun-Sen upward. Both lines are horizontal.
Bollinger Bands indicator is broadening showing high market volatility.
MACD histogram is in the positive area. The indicator is decreasing, giving a sell signal.
The 1.3800 mark break was not accompanied by any reverse correction; the euro doesn’t quite actively continue to trade up.
The immediate goal of the growth will be the upper bound channel 1.3960. From this point a corrective pullback down to 1.3800 may occur. While the support is at 1.3800, the upward trend remains in force.