EUR/USD (a 4-hour chart)
We noted the bullish sentiment dominance. Firstly, the US CB consumer confidence report did not please traders with the positive data. The Michigan University surveys indicate that Americans are ready to increase private consumption. In this regard, the dollar did not get any support.
The bond market dynamics also plays against bulls. The German 10-year bond yields are declining relative to their US, UK and Australia counterparts.
The price is finding the first support at 1.0925, the next one is 1.0790. The price is finding the first resistance at 1.1050, the next one is at 1.1150.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
The pair can grow to the resistance level of 1.1050.