EUR/USD (a 4-hour chart)
The dollar strengthened despite the yield decrease on 10-year U.S. Treasury bonds. The euro fell after weak data on the Germany labor market. The Germany unemployed number increase worsens the euro zone 's largest economy credibility, and in the line with Bundesbank expectations expects the economic growth weakening in the 2nd quarter.
The single currency continued its decrease, breaking the support level 1.3620. The breakthrough was accompanied by the formation volume which exceeds the last week maximum height.
The price is finding the support at 1.3570. The price is finding the first resistance at 1.3610, the next one is at 1.3670.
There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The downtrend movement will be until the price is under the Kijun-Sen.
The MACD indicator is in negative territory.
Please be advised to go short to 1.3570. If the price consolidates below the first target it will go to 1.3520.