EUR/USD (a 4-hour chart)
Undoubtedly, this week the key event is the US Federal Reserve meeting. The US 10-year bond yields are at the level of 1.81%, indicating the inflation reduction in the short term.
The euro is consolidating after it was actively correcting against the US dollar, rebounding from the support level of 1.1170. The formed price increase is not supported by the trade volumes.
The price is finding the first support at 1.1300, the next one is at 1.1170. The price is finding the first resistance at 1.1400, the next one is at 1.1520.
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 shows an upward movement and the Kijun-sen shows 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 approach to the level of 1.1400 may lead to a price rebound down. The potential rebound target is the support levels of 1.1300, 1.1170.