FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4338. With Nikkei 225 opening more than 2% up, and having consolidated close to past Friday's high, pair is set to continue rising during next hours, supported by20 SMA acting as dynamic support. Indicators show some signs of exhaustion both in 1 and 4 hours charts, suggesting a probable downside correction ahead.
Key support zone will be at 1.4275: break under that level could extend the downside momentum, thus does not seem likely at this point, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4325 1.4275 1.4240. Resistance levels 1.4375 1.4410 1.4450.