Dollar strengthened its position despite the fact that the US Initial Jobless Claims showed 272k against the previous value of 270k.
The Fed Representative Williams said the US economy required a soft push forward. He proffered not to hurry with the rates raising, believing that normalization is a gradual process.
The first support resides at 0.9960, the next is at 0.9850. The first resistance stands at 1.0100, the next one is at 1.0150.
There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement forming a “Golden Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a positive territory. The price is growing.
We advise to long with the first target - 1.0100. When the pair consolidates above the first target, we can open deals to the level of 1.0190.