FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4318. Consolidating between 1.4280/1.4340, hourly charts look slightly bullish for the pair, as well as 4 hours ones. Well above 20 SMA with strong bullish slope, pair will likely to follow regional stocks as usual; still moving in range in bigger time frames, pair needs to break above the 1.4385 area, daily descendant trend line, to gain some upside momentum an attempt a test of the 1.4445 year high.
Under 1.4280 pair could turn bearish in the short term yet better if breaks under 1.4250, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4280 1.4250 1.4180. Resistance levels: 1.4340 1.4385 1.4445.