FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.2999. Pair has been consolidating just above previous range highs, and the first levels to watch these next hours will be 1.3030 and 1.2985.
With Momentum exhausted to the upside and CCI flat between 50/70, 20 SMA is the only indicator giving some upside bias, thus firmer in larger time frames. (4 hours charts momentum is giving a nice cross of the 100 line).
Pair must clearly break under the 1.2975/85 zone, to regain bearish momentum, said Valeria Bednarik, collaborator at FXstreet.com. Above yesterday's high, next resistance will come at 1.3058 zone.
For more information, read our latest forex news.