FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4819. Nikkei opened slightly bearish, halting pair upside corrective movement. With hourly indicators losing upside strength, 20 SMA continues strongly bearish and acting ad dynamic resistance level.
Small continuation triangle clear in the hourly, break under 1.4800, immediate support level, could signal more downside ahead of current session. Yet 4 hours charts show indicators exhausted to the downside, suggesting some short upside corrective movements before next down leg, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4800 1.4770 1.4740. Resistance levels: 1.4840 1.4890 1.4625.