The EUR/USD currency pair

• Technical indicators of the currency pair:
  
• Prev Open: 1.18468
• Open: 1.18141
• % chg. over the last day: -0.26
• Day's range: 1.17776 – 1.17734
• 52 wk range: 1.0637 – 1.2012

The bearish sentiment is being observed on the EUR/USD currency pair after the Fed meeting. Yesterday, the Fed meeting took place, during which the regulator left the key interest rate unchanged at 0.00-0.25% per annum, as experts expected. Fed officials expect the base interest rate to remain at this level until 2023. EUR/USD quotes fell by more than 100 points during yesterday's trading session. At the moment, the key support is the level of 1.11755, the key resistance level is 1.1800. We recommend opening positions from these levels.

• - Consumer price index in the Eurozone at 12:00 (GMT 3:00);
• - Initial jobless claims in the US at 15:30 (GMT 3:00);
• - Philadelphia Fed manufacturing index at 15:30 (GMT 3:00);

Indicators do not give accurate signals: 50 MA has crossed 100 MA.

The MACD histogram is in the negative zone and below the signal line, which gives a strong signal to sell EUR/USD.

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which gives a signal to buy EUR/USD.

• Support levels: 1.1755, 1.1715
• Resistance levels: 1.1800, 1.1835, 1.1870

If the price fixes below 1.1755, a further fall in EUR/USD quotes is expected. The movement is tending to the round level of 1.1700.

An alternative could be the growth of the EUR/USD currency pair to 1.1835-1.1800.