FXstreet.com (Barcelona) - Euro zone Economic Sentiment print a 56.9 from a previous reading of 59.6 in September, under expectations of 61.3, while report said economic will improve only gradually; EUR/USD fell immediately after the news, currently testing the 1.4770 support area.

Hourly indicators turned bearish, and a technical confirmation under mentioned level, could accelerate the downside movement in the pair, thus reaction remains limited. Gold reaching a fresh all time high at 1065.42/oz. is supporting the European currency strength. Under mentioned 1.4770 area, next supports come at 1.4730 and 1.4680. Above 1.4790, pair could attempt a retest of this year high of 1.4842.

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