FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4530. Despite a positive opening, Euro is falling quickly, lead by Nikkei 225 that lost almost 1.5% in the first hour of trading. Watch for the 1.4500 level, past Friday's low, to trigger some bearish rally in the pair, with next key support between 1.4445/60.
Hourly indicators, along with 4 hours ones, are giving signs of downside continuation in the pair, yet a confirmation under the mentioned 1.4500 is needed to see the pair changing bias. Now, 1.4550 has turned into first resistance: above it, any further falls will be denied and the pair will regain the bullish bias, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4530 1.4500 1.4550. Resistance levels: 1.4550 1.4580 1.4620.