EUR / USD
Current price level is above the moving averages with periods of 89, 144, 55 and 34, which are dense near the strong levels of support 1.4870/50 and 1.4830/10.
The MACD histogram is located in the positive zone and above its signal line, but began to decline very slowly and thus gives a signal that the correction could continue.
Stochastic oscillator formed a similar signal as the% K line crossed the line% D top-down and start to fall below it.
Therefore, as a confirmation that the correction is likely to worsen, we can only wait for the breakdown level of support 1.4960/50, which could open the path to levels of 1.4900 and 1.4870/50.
At the same time it must be remembered that the aggressive buyers of the euro can return to the market if they are punctured by a local maximum of 1.5060.
Resistance levels: 1.5000/20, 1.5060, 1.5100, 1.5120, 1.5150, 1.5170, 1.5200
Current Price: 1.4970
Support levels: 1.4960/50, 1.4920/00, 1.4870, 1.4850/40, 1.4815, 1.4800