EUR/USD (a 4-hour chart)
The 10-year government bonds yield in Germany grew, which increased the attractiveness of the European assets. Traders expect any substantial statements from the ECB on Thursday April 21st, which is likely to confirm that the recent announced monetary policy easing measures will be effective during the inflation growth.
The first support lies at 1.1260 and then at 1.1150. The first resistance stands at 1.1350, the next one is at 1.1450.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows 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.
We suppose the pair will go to 1.1260 first. Having overcome the first target the price might go downwards to 1.1150.