FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4980. Pair remains under 1.5000 after losing the level in a tiny trading American session; waiting for some cues from local stocks markets, hourly indicators look slightly bearish at this point, while 20 SMA had turned flat above current price.
Bigger time frames remain bullish, so the downside likely to remain limited unless a clear break under 1.4910 level, trigger downside momentum in 4 hours charts. Also, strong gold price around $ 1116/oz, will help keep the downside limited during current session, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4950 1.4910 1.4840. Resistance levels: 1.5000 1.5020 1.5060.