During the night the USD remained weak relative to the main currencies, because the Fed raised interest rates, but further suggests only two increases until the end of the year. Sentiment around the USD additionally spoils the tensions in trade relations on the US-China line. AUD lost its enthusiasm after an unexpected increase in the unemployment rate. The decision of the RBNZ did not bring much response.On Thursday 22nd of March, the event calendar is busy with important data releases from the Eurozone (Flash PMI readings), Germany (Ifo data), UK (interest rate decision) and the US (flash PMI readings)

EUR/USD analysis for 22/03/2018:

The changes in the currency market since the beginning of Thursday's trade are not that large, but the USD sales motive is breaking in. The Fed, in line with expectations, raised the target for the Federal Reserve rate by 25 bps to 1.50-1.75%. in the upward revision of growth and employment forecasts. At the same time, the projection of the interest rate path further indicates only two increases until the end of the year, although the forecasts for 2019 and 2020 were slightly revised upwards. At a press conference, Fed chairman J. Powell, he kept a cautious tone and tried to downplay hawkish corrections in the projection.Let's now take a look at the EUR/USD technical picture at the H4 time frame. The market has tried to rally towards the golden trend lie resistance, but the breakout turned out to be a fake one and the price reversed from the local high at the level of 1.2388 and currently is going lower towards the nearest technical support at the level of 1.2257. In a case of a further breakout to the downside the next technical support is seen at the level of 1.2206 and 1.2163.