The FOMC rate hike update gave USD some support against EUR.
The support rests at 1.16820 with resistance at 1.17570 which the weekly pivot point at 1.17240 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
All indicators are showing potential downward trend creating the reversal pattern. EURUSD may continue its decline towards 61.8 level of Fibonacci at 1.163.