EUR/USD above 1.4400, capped by 1.4460

By IBTimes Staff Reporter | January 04 2010 6:49 PM

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4415. Consolidating in a tight range above 1.4400, pair holds a slightly bullish perspective for next hours, as 20 SMA remains strongly bullish in the hourly chart.

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Despite indicators are a bit exhausted, as well as 4 hours chart ones, there are no signs of a reversal yet. Only a confirmation under 1.4365 area could change current bullish sentiment in the pair, while expect further rises only above 1.4460, past week high, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4410 1.4365 1.4320. Resistance levels: 1.4460 1.4485 1.4515.

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