FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4732. Pair retreat from a fresh yearly high at 1.4767, and hourly charts indicators turned slightly bearish with Japan opening, yet the pair remains consolidating between 1.4700/30 zone. Current candle opened just under flat 20 SMA that continues losing previous days strength; Nikkei 225 opened down 0.6% increasing the chances of a downside correction, also supported by 4 hours charts indicators that are close to give bearish signals.
Pair needs to open at least a 4 hours candle under 1.4700 to confirm a downside continuation that anyway, will remain corrective, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4700 1.4660 1.4610. Resistance levels: 1.4770 1.4830 1.4865.