EUR/USD Technical Analysis: Euro falls 50 pips as Fed raises the target for Fed funds rate by 25bp to 1.75-2.00%

• EUR/USD falls about 50 pips as the Federal reserve decided to raise the target for Fed funds rate by 25bp to 1.75-2.00%, for more info click here.
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• The next strong support is the 1.1730 level. 

EUR/USD 15-minute chart

Spot rate:              1.1750
Relative change:   0.06%     
High:                     1.1793
Low:                      1.1729

Trend: Bearish below 1.1800

Resistance 1: 1.1770, 200-period SMA (m15)
Resistance 2: 1.1800 figure
Resistance 3: 1.1821 current week’s high

 
Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low  
Support 3: 1.1600 figure