EUR/USD Technical Analysis: Euro finds support at 1.470 level as new bulls join the up move

• EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
• EUR/USD is riding up on the bullish momentum. New York bulls showed up near 1.1470 and are helping to support the market. The next big hurdle to overcome is 1.1500 figure.  
• A break of the level should open the gates 1.1600 figure in the coming sessions.  

EUR/USD 4-hour chart

Main trend:             Bearish
Short-term trend:     Bullish

Resistance 1:   1.1500 figure and October 2 swing low  
Resistance 2:   1.1530 August 23 swing low (key level)
Resistance 3:   1.1600 figure

Support 1:   1.1456 November 5 high
Support 2:   1.1430 October 9 low
Support 3:   1.1400 figure
Support 4:   1.1350 figure
Support 5:   1.1300 current 2018 low

Additional key levels at a glance: