EUR/USD Technical Analysis: Euro capped by 1.1400 figure ahead of FOMC

EUR/USD daily chart

• EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA)
• EUR/USD printed an outside which can potentially have bullish implications. 
• The FOMC at 19.00 GMT can trigger high volatility in the forex market.

EUR/USD 4-hour chart

• EUR/USD is momentarily capped by the 1.1400 and 200 SMA. 
• Technical indicators are supportive for higher prices ahead. 

EUR/USD 30-minute chart

• EUR/USD formed an expanding triangle pattern which can potentially be very bullish. 
• Targets to the upside are likely located at the 1.1430 and 1.1475 level.

Additional key levels