The euro sentiments were determined by the debt market dynamics which is now clearly on the "bears" side. There were the US secondary market housing sales published. The sales increased to 5,49 millions.
The short-term price consolidation at the support level of 1.0790 was followed by the upward rebound. The rebound was at the low volumes, but it allowed buyers to breakthrough and consolidate above the resistance level of 1.0925. The level of 1.0925 breakthrough was short-term and the pair fell below this level.
The price is finding the first support at 1.0790, the next one is 1.0670. The price is finding the first resistance at 1.0925, the next one is at 1.1050.
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 and form a “Golden Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
We may expect towards the growth to 1.0925 and 1.1050 further on we expect a fall.