• EUR/USD declined form the high of 1.12957 yesterday after slightly hawkish tone of Fed. The pair hits the low of 1.11930 yesterday and closed at 1.11828.
   
• US Fed increased the interest rates by 25bpbs to 1.25% from 1% and maintained its interest rate projections unchanged for 2017 and 2018. Greenback is supported by the fact that Fed didn’t change inflation forecast for 2018 and 2019.
   
• Euro upside capped by major resistance around 1.1300 and any major bullishness can be seen above that level. Any break above that level will take the pair till 1.13660/1.14350.
   
• On the lower side, near term support is around 1.11500-1.1160 (trend line support and 21- EMA) and any break below will drag the pair down till 1.1100 (May 30th 2017 low)/1.10750 (May 18th 2017 low).
  
  It is good to sell on rallies around 1.1230 with SL around 1.1300 for the TP of 1.1100/1.1050.