FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4109. Pair regained the 1.4100 level with Nikkei opening, mostly a corrective movement due to over extreme oversold conditions reached early Monday. Indicators have turned bullish, and price cross above 20 SMA in the hourly, that remains bearish.
Corrective movement could extend to 1.4150 key level, thus not seen much further in Asia; market players will wait for early Europe data to compromise stronger positions, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4080 1.4048 1.4010. Resistance levels 1.4130 1.4150 1.4190.