FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4547. Pair has turned slightly bearish in the hourly, yet due to strong market sentiment, movement is understood as a correction to past days rally. With Nikkei 225 0.7% at the opening, expect Euro to remain well bid, after due correction; first supports comes around the 1.4530 area, also 20 SMA in the hourly chart, followed by the 1.4480 zone and then key 1.4445.
4 hours charts are also pointing from some downside movements in the next few hours, yet as long as above 1.4445, previous year high, bullish midterm bias remains intact, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4535 1.4480 1.4445. Resistance levels: 1.4585 1.4610 1.4660.