EUR/USD Current Price: 1.4874

17 November 2009 @ 06:59 pm EDT

FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4874. Consolidating under 1.4880 area, pair has lost upside momentum, yet remains above key 1.4810 support area, that hold the downside; hourly indicators turned flat, suggesting not enough upside strength at this point, while price remains under 20 SMA that crossed 200 EMA also, also limiting further rises.

"4 hours charts however, hold the bullish bias, as long as above mentioned key support zone," said Valeria Bednarik, collaborator at FXstreet.com. Pair needs either to regain 1.4920/40 area or clearly break under 1.4800/10 to define intraday trend.

Support levels: 1.4850 1.4810 1.4740. Resistance levels: 1.4910 1.4940 1.4990.

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Copyright 2008 FOREXSTREET S.L, All rights reserved

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