EUR/USD, H4
On the four-hour chart Tenkan-sen line is above Kijun-sen and they are both horizontal. Chinkou Span line is crossing the price chart from above, current Kumo is ascending. The pair has pulled back under Tenkan-sen (1.3792) and Kijun-Sen (1.3786) lines, which become a resistance levels. The closest support level is the upper border of the cloud (1.3836).

EUR/USD, D1
Let’s look at the daily chart. Tenkan-sen and Kijun-sen lines still can’t cross above the cloud and the red line is once again above the blue one. Chinkou Span is above the price chart, current cloud is ascending. The closest support level is Tenkan-Sen line at 1.3674. One of the previous maximum of Chinkou Span line is expected to be a resistance level at 1.4188

Key levels
Support levels: 1.3695, 1.3674.
Resistance levels: 1.3792, 1.4188.
Trading tips
On the both charts Tenkan-sen and Kijun-sen lines are close above the chart; the cross between them will be a signal of the trend reversal. The targets for the short positions are 1.3695 and 1.3674.
Anastasiya Glushkova
Analyst of LiteForex Group of Companies