FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4320. Opening lower, dollar continues previous Friday advance against Euro, gapping to the downside in early interbank trading. Pair reached a 3 month low around 1.4260, key support to consider during next hours, as break and acceleration under that level will send the pair lower during next sessions.
With volume getting thinner due to Christmas holidays, hourly charts show flat indicators with no clear bias next hours, while price holds under flat 20 SMA, said Valeria Bednarik, collaborator at FXstreet.com. Bigger time frames show pair oversold, suggesting some upside corrective movements ahead, thus likely limited by strong bearish trend dominating pair.
Support levels: 1.4300 1.4265 1.4225. Resistance levels: 1.4360 1.4420 1.4460.