FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4686. Having overcome yesterday's low already, pair remains bearish thus oversold both in 1 and 4 hours charts, suggesting pair needs some upside corrective movement before gaining strong downside momentum. 20 SMA in the hourly chart with a strong bearish slope above current price, support the bias.
The 1.4620 support zone, 61.8% retracement of the monthly fall 1.6038/1.2330 remains as a key midterm level to watch, as daily close under that zone, will signal further falls ahead for the pair, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4660 1.4620 1.4580. Resistance levels: 1.4730 1.4780 1.4820.