FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.2927. Not much change from previous update, the pair remains bearish in the hourly chart, supported by price under the 20 SMA and momentum that just cut the 100 line upside down. 200 EMA far above actual price holds the keeps it's bearish inclination.

The pair is moving in a small upside channel, more likely a flag, a continuation figure that the pair needs to break to the downside to confirm it, said Valeria Bednarik, collaborator at FXstreet.com. Base of the figure, around 1.2910, will be next hour's first support.

For more information, read our latest forex news.