FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4270. Nikkei 225 opened down 0.4% as expected, helping to keep upside capped in the pair for current session; hourly indicators turned flat, suggesting some consolidation ahead, before next movement: as long as under 1.4300, pair could well be completing a correction ahead of another leg down.
Bigger time frames remain bearish, with pair capped under 20 SMA. Break under 1.4250 is needed to confirm the bias, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4250 1.4210 1.4180. Resistance levels: 1.4280 1.4310 1.4340.