EUR/USD (a 4-hour chart)
The US dollar rose against the euro on Wednesday, due to expectations that the Fed would hike the rates. The Euro area published CPI for April (0,2% vs. expectations -0,2%).
The first support lies at 1.1260 and then at 1.1150. The first resistance stands at 1.1350, the next one is at 1.1450.
There is a confirmed and a strong sell signal. The price is under the Ichimoku 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 decreasing.
If the price fixates below the support 1.1150, it may continue the downward trend in the short term. The potential target is 1.1040.