EUR/USD (a 4-hour chart)
Distrust of the Euro is provided in the recent time for fears that weak inflation in the Euro zone will encourage the ECB to further monetary policy softening and to increased economy stimulation. The statistics published on Thursday changed the situation, having reported on the potential increase in the pace of recovery in the European block.
The pair remains above the range 1.3550–1.3660; as a result risks are skewed towards the growth to the resistance 1.3830, overcoming of which will open the way to the testing the level 1.4000.
The range 1.3550–1.3660 continues to act as a support.
We have a northern movement. The buy signal is confirmed and strong. The price is being traded above the cloud and below the Chinkou Span.
The upward movement will be until the Kijun-Sen is below the price. Kijun-Sen and Tenkan-Sen are directed upwards.
Bollinger Bands is broadening.
MACD is in a positive area, the histogram is descending.
The pulsed Euro growth reached the resistance level 1.3700. The approach to that level occurred on the high volume, which would likely cause several 37th figure retests. After breaking this figure up the way to a strong level 1.3800 will be opened before buyers.