Will EURUSD drop to 1.1470 ?

EURUSD rallied up to 1.1780 level. However, the recent 4hour candle shows that a pullback may be possible. That being said, I don't advise selling here. We need to see more confirmation before selling this. This week's FOMC may help us get an idea on how the US dollar will move in the upcoming days.

Currently, EURUSD rally is overextended. So, a significant pullback to the 1.1470 area may be possible.