FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4733. Slightly bullish in the hourly, after Nikkei open 0.3% up following 5-days holiday, pair reached a low around 1.4860 early Asia following straight fall from 1.4840 area, sending indicators to extreme readings to the downside; rebounding from such lows, pair remains capped under the 1.4740 area, first resistance for next hours, followed by stronger 1.4780 level.
Bigger time frames remain bearish, with 20 SMA in 4 hours charts capping the upside at the mentioned 1.4740 zone, suggesting some downside continuation for next hours. If Nikkei turn negative and follow Wall Street fall, pair could extend downside movement to 1.4660 first and stronger 1.4620 after that, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4690 1.4660 1.4620. Resistance levels: 1.4740 1.4780 1.4820.