EUR/USD (a 4-hour chart)
The pair is below the Ichimoku cloud. The Chinkou Span and Kijun-sen are above the price chart. We are back again to the downward movement.
The downward movement will be as long as the price is below the Kijun-sen.
Bollinger bands are directed downwards. Price range reluctantly extended.
MACD histogram is in a negative area and is going downwards.
Both indicators point to the uncertainty of the market, both in the short and medium term.
The pair is being traded below the Kijun-sen (1.2994). The pair tested the level 1.30 yesterday. If it continues the correction the pair will go to 1.3055. If the pair returns to a downward movement the first target will be 1.2895 and the second is 1.2840.
When you open orders you need to consider the fundamental analysis as well.