EUR/USD (a 4-hour chart)
There was no important macroeconomic data. The differential expansion between the German bond yields and the US treasuries contributed to the dollar growth. There are no strong changes on the securities market that confirms the side trend.
The support near 1.2200 was broken through, after which buyers twice tried to test the resistance level of 1.2200. After the second retest the price directed downwards.
The consolidation was formed and the price dropped with a gap.
The price is finding the support at 1.2130. The price is finding the first resistance at 1.2200, the next one is at 1.2300.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
The downward movement will be continued. The pair may go to 1.2000 soon.