FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4713. Pair has settle comfortably above the 1.4700 level, and hourly charts point for further rises next hours, as risk appetite remains intact. 20 SMA keeps guiding the moving and acting as dynamic support, while momentum also supports the bias. With Nikkei 225 open to the upside, so if the pair manages to break above 1.4735 yesterday's high, pair will likely extend current rally.
Daily chart frames are giving first signs of overbought, yet no confirmations or reversal or even corrections yet. To the downside, 1.4550 could be an extreme corrective target that if reached, won't harm current trend, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4680 1.4650 1.4620. Resistance levels: 1.4735 1.4770 1.4830.