FXstreet.com (Buenos Aires) - Starting the week with Japan on holidays, dollar opened practically unchanged after past Friday positive close, finally getting some relief in one of the most bearish weeks the American currency has suffered; while the currency remains oversold against most rivals, and even from a fundamental perspective, a true reversal is far from clear at this point. Risk appetite continues overshadowing any possible technical or fundamental reading, dragging dollar down across the board, except against Gbp. Pound remains under selling pressure, on fear of a U.K. debt crunch, and speculations of chances of lower interest rates in the months ahead.

EUR/USD opened the week at 1.4700, with supports from the next hours at 1.4680 and 1.4640 area and resistances at 1.4730 and 1.4765. GBP/USD quotes at 1.6215 with first support at 1.6170 area, and stronger 1.6110; resistances lie at 1.6260 and 1.6300 zone.

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