EUR/USD Technical Analysis: Calm before the Fed storm as Euro struggle below 1.1370 key resistance

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its main simple moving averages (SMAs).
• The 100 SMA is at 1.1369, a break above it would be seen as bullish.
• The FOMC at 18.00 GMT can lead to high volatility. A hawkish Federal Reserve would be seen as bearish for EUR/USD and a dovish stance would be seen as bullish. 

EUR/USD 4-hour chart

• EUR/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

EUR/USD 30-minute chart

• EUR/USD is trading above its main SMAs suggesting bullish momentum in the short-term. 
• Bulls will need a break above 1.1370 key resistance to climb towards 1.1420 and 1.1500 figure.
• To the downside, support is at 1.1340, 1.1325 and 1.1300 figure

Additional key levels