EUR/USD (a 4-hour chart)
On the one hand, the Fed has kept the promise of "patience" in relation to the rates increase. This factor is negative for the US dollar. On the other hand, the euro area inflation expectations are much worse than the UK ones. The main event of the day will be the Germany consumer price index data release.
Buyers reached the level of 1.1400 amid the reduced volume.
The price consolidation near the resistance level of 1.1300 is more likely to serve as a signal for the upward correction reversal.
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 and the Kijun-sen show a horizontal 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 downward movement will be continued. The pair may go to 1.1170 soon.