The US dollar fell against almost all currencies when Janet Yellen supported a cautious approach to the interest rates raising. Investors considered her remarks as a soft tone, which led to the stock market growth.
The price is finding the first support at 0.9580, the next one is at 0.9500. The price is finding the first resistance at 0.9660, the next one is at 0.9750.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows 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 decreasing.
We advise to short with the first target - 0.9500. When the pair consolidates below the first target, we can open deals to the level of 0.9420.