EUR/USD Technical Analysis: Euro holding above 1.1400 ahead of the FOMC

• EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart ahead of the FOMC this Thursday at 19.00 GMT.
• EUR/USD has been advancing in the last 5 days of trading and has currently found support above 1.1400 and the 50 SMA. The RSI is neutral, the MACD has a bearish crossover and the Stochastic is in negative territories.  
• In order to reclaim some ground, bulls will need to overcome the 1.1430 resistance. A break of the level can lead to an acceleration to 1.1450 and 1.1470, Asian high (Nov.7). Alternatively, a break below 1.1400 can lead to a drop to 1.1350 and 1.1300 levels.  

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1430 October 9 low
Resistance 2:   1.1470 Asian high (Nov.7)  
Resistance 3:   1.1500 figure and October 2 swing low  
Resistance 4:   1.1530 August 23 swing low (key level)
Resistance 5:   1.1600 figure

Support 1:   1.1400 figure
Support 2:   1.1350 figure
Support 3:   1.1300 current 2018 low

Additional key levels at a glance: