EUR/USD Technical Analysis: Bulls keep the Euro above 1.1400 during the ECB press conference

• EUR/USD is trading in a bear trend below the 200-period simple moving average.  
• EUR/USD is gaining some relative strength as Mario Draghi the President of the European Central Bank is giving a press conference. For now, bulls have retaken control of the market and the next resistance to overcome is 1.1430 followed by 1.1463 (October 4 low).  
• As the main trend remains bearish a move below 1.1400 on a daily closing basis could invalidate the short-term bullish bias.  

EUR/USD 4-hour chart

Spot rate:             1.1423
Relative change:    0.27%  
High:                    1.1430
Low:                     1.1391

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1463 October 4 low
Resistance 3:   1.1463 October 4 low
Resistance 4:   1.1500 figure and October 2 swing low  
Resistance 5:   1.1530 August 23 swing low (key level)

Support 1:   1.1400 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure