FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4623. Pair enters Japan session slightly bearish in the hourly, despite strong Nikkei opening 0.8 % up. Not clear signs coming from indicators, as remain flat in the hourly as well as 20 SMA, bigger time frames show the upside should remain capped, and not much more.
Euro failed to regain de upside despite U.S. rising stock, if the same happen during current session, expect some downside momentum later in the day, said Valeria Bednarik, collaborator at FXstreet.com. 1.4600 and 1.4550 are key support level to watch to the downside, while only clearly above 1.4720, par could regain previous bullish momentum.
Support levels: 1.4600 1.4555 1.4510. Resistance levels: 1.4660 1.4685 1.4720.