EUR/USD Current Price: 1.4960

18 November 2009 @ 08:08 pm EDT

FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4960. Pair remains consolidating around the 1.4960 level since U.S. close, after failing to break above the 1.5000 area again; with hourly indicators slightly bearish, and with bigger time frames flat, pair needs to move under 200 EMA (violet) around 1.4920 to extend current downside momentum.

"To the upside, 1.5000/20 level seems to be key as the pair has halted just under that zone since past Thursday: clear movements above that level will support a retest of the yearly high around 1.5060, ahead of 1.5100 area, " said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4920 1.4880 1.4840. Resistance levels: 1.4990 1.5020 1.5060.

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Copyright 2008 FOREXSTREET S.L, All rights reserved

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