FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4296. Starting the week slightly bearish, pair has found strong a support at 1.4280 static zone from where the pair already bounced back twice.
Anyway, pair remains moving in a tight range, capped by 1.4310 despite Nikkei 225 already up 2.2%; hourly charts show 20 SMA remains with a bearish slope well above current price, while momentum is also downside biased. Bigger time frames support further falls, yet pair has to clearly break under 1.4280 to extend the downside rally, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4280 1.4250 1.4200. Resistance levels 1.4310 1.4340 1.4380.