Euro back above 1.4700

03 November 2009 @ 08:58 pm EDT

FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4725. Back above 61.8% retracement around 1.4700, pair turned slightly bullish in the hourly chart, yet indicators seem to have lost upside momentum while 20 SMA remains strongly bearish despite under current price. Bigger time frames show same conditions with pair slightly bullish yet with no enough strength, suggesting we need to see a strong acceleration above 1.4740 area to confirm an upside continuation.

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