FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4740. Euro started the week well bid, with a bullish tone both in 1 and 4 hours charts. Hourly indicators are giving continuation signals, with current candle opening above 20 SMA, suggesting more upside to come; 4 hours ascendant trend line coming from 1.4560 low remains valid as no 4 hours candle opened under it.
Japan will remain close on holiday, yet regional markets likely rise following past Friday's Wall Street gains; expect movements to remain moderate during current session, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4710 1.4685 1.4660. Resistance levels: 1.4750 1.4785 1.4820.