FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4710. Slow market due to Japan holiday, the pair remains in a tight range since early opening, between 1.4680/1.4730 zone. Hourly charts show pair is hovering around flat 20 SMA while bigger time frames are giving bearish signals with momentum cutting upside down the 100 line and current candle developing under 20 SMA.
Yet sentiment remains to be market driver, so seems unlikely a strong downside break for the next hours, said Valeria Bednarik, collaborator at FXstreet.com. Due to daily overbought conditions, expect the upside to remain limited by past week high.
Support levels: 1.4680 1.4640 1.4610. Resistance levels: 1.4730 1.4770 1.4830.