FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4578. Having reached a fresh 9 months high at 1.4614, pair retreated to hold above the 1.4550 support zone. With indicators quite flat in the hourly, yet showing some bearish divergences in 4 hours time frames, pair needs to break under that level, to extend the downside correction to 1.4505, yesterday's low.
20 SMA in the hourly is holding the downside yet turned flat. Above 1.4620, expect the pair to regain bullish momentum mostly due to risk appetite, and rising gold and stocks, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4550 1.4520 1.4480. Resistance levels: 1.4620 1.4660 1.4720.