EUR/USD (a 4-hour chart)
The single European currency remained under the selling pressure versus the dollar and lost about 50 points. Obviously, along with the emotions caused by the information from the Fed, the negative attitude of the euro strengthened and the data on a producer prices in Germany in February.
The first support is 1.3760, the next one is 1.3710. The resistance is around 1.3860.
There is a strong southern movement. The price is below the Cloud and above the Chinkou Span. The downward movement will be until the Kijun-Sen is below the price. The Tenkan-Sen is directed downwards, the Kijun-Sen is horizontal.
Bollinger Bands indicator is broadening showing high market volatility.
MACD histogram is in the negative area. The indicator is decreasing, giving a sell signal.
The current correctional euro growth is likely to get a 1.3810 level, where the downward trend is expected to be continued. To reach this goal the sellers need to get to the next support level 1.3760, which opens the way to around 1.3700 - 1.3690.