Exchange rate still is above the moving averages with periods of 34, 144, 55 and 89, which are directed upward and points to the continued bullish sentiment, as well as are a number of support levels 1.3710/00, 1.3650 and 1.3625.MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell EUR / USD.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line falls below the% D.
Despite two clear signals, we see that forex traders have 4th hour consecutive actively buy EUR / USD, after a strong correction, and thus indicators can give false signals and delayed, so the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 1.3770/80 resistance level and the growth of EUR / USD to levels of 1.3820, 1.3840 and 1.3860 (local max).
2. Break of 1.3710/00 support level and the correction to the levels of 1.3650 and 1.3610/00.
Resistance levels: 1.3770/80, 1.3800, 1.3820, 1.3840, 1.3860, 1.3900/10
Current Price: 1.3757
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