FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4215. As expected, Nikkei 225 opens 0.7% up at 10,508.09 following American stocks rise. Pair continues comfortable above 1.4200, with a bullish perspective for current session supported by strong risk appetite sentiment triggered after FOMC minutes.
With 20 SMA under current price and with a nice bullish slope, indicators in the hourly look a bit unclear thus bigger time frames clearly support a bullish continuation. First resistance comes at 1.4246 yesterday's high, ahead of 1.4290 and stronger 1.4330. Under 1.4170 zone, expect some downside pressure with next support at 1.4150, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4180 1.4150 1.4130. Resistance levels 1.4246 1.4290 1.4330.