The US did not publish any important macroeconomic statistics; moreover, the United States had a day off. The American traders left the market for a long weekend to celebrate Thanksgiving in a good mood - the dollar is trading near the multi-year highs.
In general the technical studies remain bearish. There was the support level of 1.0630 breakthrough. The price fixated below this level and formed a consolidation.
The price is finding the first support at 1.0550, the next one is 1.0420. The price is finding the first resistance at 1.0630, the next one is at 1.0730.
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 and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.
The trend is a down side. The approach to the level of 1.0630 may lead to a price rebound down. The potential rebound targets are the support levels of 1.0550, 1.0420.