FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4251. Moving in a tight range, pair has turned slightly bearish in the hourly chart, with price under both, 20 SMA and 200 EMA, and momentum pointing to the downside; however, past hour lateralization turned indicators weaker, as they do no signal a clear strength. Bigger time frames also show same conditions.
Nikkei opening up 0.4% will likely support some rises, thus 1.4300 area should keep them limited. Moving inside a small triangle, break under the base, around 1.4240 level, could signal some downside continuation for next hours, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4250 1.4210 1.4160. Resistance levels: 1.4280 1.4310 1.4345.