27, June 2014

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

General overview

The euro has been the most stable in yesterday's session, as was able to keep most of conquests against the dollar, which has gained the support from the weak U.S. economy news. The same Eurozone economy data did not hurt the euro, while this news status is the same. We do not expect important news from the Eurozone. Perhaps we can get something from the started the EU summit.

The price is finding the first support at 1.3570, the next one is at 1.3520 . The price is finding the first resistance at 1.3610, the next one is at 1.3670. The price is in the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory.

Trading recommendations

The pair can grow to the resistance level of 1.3665. After breaking 1.3665 the buyers may go to 1.3720.