09 June 2014, EUR/USD
After the ECB decision volatility sharply increased. The past experience shows that various worlds regulators stimulation urged price forward assets and strengthened confidence in the high-yield market. There was strong support level 1.3590 breakthrough amid the EUR fundamental data. Then there was a sharp price turn upward with a further breakdown of the resistance level 1.3645.
The support levels are 1.3590- 1.3600, and the resistance levels are 1.3650 - 1.3670.
MACD is in negative territory. The histogram is descending.
The market sentiment remains positive, with its growth risks to the 37th figure direction. The falling below 1.3620-1.3600 will eliminate last week growth.
Overcoming the level 1.5265 would lead to 1.5230 testing. The lack of statistics has led the pound to the common trends. British Retail Consortium reported that the price index in the UK retail stores had risen in May by 1.5% after an increase in the previous month by 1.3%. Britain will publish construction sector activity in May, with the average forecast is 54.7 pp against 55.8 pp in April.
The support levels are 1.6770 - 1.6750, and the resistance levels are 1.6800 - 1.6830.
MACD histogram is growing thus giving a buy signal.
The "Bulls" still have to break and consolidate above 1.6820/40, and only then we can talk about the uptrend resumption. Otherwise the pair will fall again.
The U.S. stock market conquers new high that will support demand for the Japanese stock market. Together with the positive data on the United States labor market, we can see the rising trend continuation.
The "Bulls" are still unable to overcome the resistance 102.80. The pair after another unsuccessful attempt to storm level dropped to 102.33, and the Asian session – was up to 102.25.
The support levels: 120.30-102.40, and the resistance levels: 102.70 – 102.80.
The MACD is above the zero line and growing confirming the current growth.
The inability to grow above 102.80 could lead to renewed downward correction and return to the current dollar minimums.