FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4715. Supported by gold prices, pair reached the 1.4760 area, before retreating to current zone. With indicators flat in the hourly chart, and 20 SMA losing bullish momentum, pair is still not ready for a downside corrective movement.
4 hours charts also seem exhausted, still price action is not quite in line with technical, so pair will need to confirm under 1.4680 support to start the downside movement, that could extend to 1.4650 and then 1.4620 without harming current trend. Only clearly under 1.4590, not seen at this point, pair could change bias, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4680 1.4650 1.4620. Resistance levels: 1.4750 1.4785 1.4810.