FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4832. Crossing 20 SMA in the hourly chart and gaining some upside momentum, pair points for further recoveries during next hours, supported also by rising gold price. However, strong come back from post Bernanke spike to 1.4900 should not be ignored.
Pair needs to clearly regain the 1.4900 area, to attempt a pullback to the ascendant daily trend line broken past Friday, today around 1.4940, said Valeria Bednarik, collaborator at FXstreet.com. Bigger time frames show indicators exhausted to the downside, favoring also some upside corrections ahead.
Support levels: 1.4800 1.4760 1.4720. Resistance levels: 1.4860 1.4890 1.4940.