EUR/USD (a 4-hour chart)
The pair showed a gain four weeks in a roll. Although the pair suffered from a high volatility, it closed in a positive area.
Overall, the previous week was constructive for the pair, it was able to get one step up and consolidated above 1.3250, which, for the moment, gives a decent support to the pair.
The price is above the Chinkou-span, we have a strong and confirmed buy signal. EUR/USD is above the Ichimoku cloud. The pair is being traded above the Kijun-Sen and Tenkan-sen, the Ichimoku cloud itself is directed upwards.
Tenkan-Sen and Kijun-Sen follow the price up both lines are horizontal.
Bollinger bands are narrowing, indicating a low market activity.
MACD is still in a positive zone, the histogram is going down.
The Federal Reserve will announce a decision on monetary policy on Wednesday. We believe that the market will not be active till that as investors will be cautious in a trading.
It was a break above 1.3390 last Thursday that opened the way for the growth to the level 1.3435, which is a maximum of 20 February, and probably to the levels 1.3475/1.3500.
On the other hand, should the price break the level 1.3300 and the former resistance 1.3250 will become a support for it.