FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4647. Pair failed to break above 1.4700, and risk aversion is pushing it lower, with Nikkei strongly down after 1 hour of activity. Approaching to hey 1.4600/20 support zone, hourly indicators are giving bearish signals with both momentum and RSI cutting their middle line.
Break under mentioned key zone could accelerate the selling in the pair, while to talk about midterm bearish perspective, pair needs to lose the 1.4400 level, not likely at this point. 1.4550 also strong zone, should offer enough support for a rebound if reached, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4620 1.4580 1.4550. Resistance levels: 1.4680 1.4710 1.4745.