FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4733. After testing 1.4680 pre interbank opening, pair strongly rebounded to current resistance level; with indicators exhausted to the downside in the hourly, pair could attempt some upside correction, thus limited by bearish 20 SMA and general market sentiment of increasing risk aversion.
Pair needs to regain the 1.4780 to lose the bearish perspective, while break under 1.4680 support zone will accelerate downside momentum, said Valeria Bednarik, collaborator at FXstreet.com. If local shares follow Wall Street and fall, expect the pair to follow to the downside.
Support levels: 1.4710 1.4680 1.4640. Resistance levels: 1.4740 1.4780 1.4810.