Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.3860, 1.3810/00, 1.3720 and 1.3690.MACD histogram is located in the positive zone, has merged with its signal line and is not currently send a clear signal.
Stochastic oscillator is overbought, and also does not generate a clear signal as the% K line merged with the line% D.
The absence of clear signals, leads us to the fact that 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. Breakdown of the local max 1.4000/10 and the growth of EUR / USD to levels of 1.4050 and 1.4070/80.
2. Break of 1.3950 support level and the correction to the levels of 1.3920, 1.3890 and 1.3850.
Resistance levels: 1.4000/10, 1.4050, 1.4070/80, 1.4100/10
Current Price: 1.3972
Support levels: 1.3950, 1.3920, 1.3890, 1.3850, 1.3825, 1.3800
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