EUR/USD (a 4-hour chart)
The U.S. data were generally positive last week. Unemployment Claims fell by 21 thousand to 7-week low of 323 thousand, more than twice exceeding the expectations for a decline. The indicator, which smoothes the weekly data volatility - 4 Week Average of Initial Jobless Claims reduced to the level 338.5 thousand from 344 thousand.
The pair is growing. Chinkou Span is below the price, and the price is above the Ichimoku cloud. We have a strong buy signal. The pair is being corrected upwards. Tenkan-Sen and Kijun-sen are following the pair up, Kijun-sen is horizontal and Tenkan-Sen is going upwards. The Cloud is growing.
The pair left the cloud. The upward movement remains as long as the Kijun-sen is located below the price.
Bollinger bands are directed upwards. The MACD histogram is shifted into the overbought zone, its histogram is growing.
The short positions are recommended after the price breaks 1.3410 with partial profit taking at the level 1.3375 and a transfer position to breakeven. The ultimate goal is the level of 1.3300.
Still this scenario may happen not soon. We believe the pair to keep growing to 1.36.