FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4718. Nikkei 225 opened strongly down 1.3% breaking under 10.000 and reaching 9941, showing risk avert movements are not over in currency markets. Close to yesterday's low also 61.8% of this month rally, confirmations under 1.4705 will likely send pair lower.
Still, hourly indicators remain pointing for some upside corrections that likely remain limited if local stocks continue falling. Bigger time frame indicators also seem exhausted to the downside, yet current candle opening under 200 EMA in 4 hours charts, suggest more downside to come after due correction, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4705 1.4680 1.4640. Resistance levels: 1.4740 1.4780 1.4810.