FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4983. Still ranging, pair has not changed since last update. Sentiment keeps Euro well bid despite indicators in bigger time frames had lost upside momentum; hourly charts show price above flat 20 SMA, while also flat indicators, suggesting pair likely to continue following stocks and commodities.
Pair needs to clearly break current range to define further strength: to the upside, level to watch is past week high of 1.5020, while to the downside, pair needs to accelerate trough 1.4910 to extend the corrective rally, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4940 1.4910 1.4860. Resistance levels: 1.5005 1.5020 1.5065.