FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4804. Pair reached 1.4840 area early Asia, and quickly come back to the 1.4800 area, yet sentiment remains dollar bearish across the board, and chances here remain to the upside. Above 20 SMA in the hourly, still with a strong bullish slope, and with momentum rebounding in the 100 level, downside seems limited by the 1.4770 area, first support for next hours.
4 hours indicators turned flat, not giving clear signals at this point, said Valeria Bednarik, collaborator at FXstreet.com. Pair upside target seems to be past September 2008 high at 1.4866, followed by the 1.4910 area.
Support levels: 1.4775 1.4730 1.4690. Resistance levels: 1.4840 1.4866 1.4910.