Strong consumer confidence and lending data in the EU led to an increase towards 1.2188. It also formed a buy signal in the market, which led to a 42-pip rise in the price, since the MACD line, during that time, was in a positive zone.

Three signals appeared in the market yesterday. The first one is to sell at 1.2108, but it had to be ignored because the MACD line, during that time, was in the oversold zone.

Several signals appeared in the market last Friday. The first one is to buy at 1.2095, which had to be ignored because the MACD line, during that time, was in the overbought zone. Then, the next signal is to again buy at 1.2095, but this time, the MACD line was around zero, so EUR / USD was able to move up by more than 35 pips. The euro even reached the target value, which is 1.2130.

A buy signal appeared in the market yesterday. However, it had to be ignored because during that time, the MACD line was in a positive zone for quite a long time, which indicated limited growth of the euro in the near future.