FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4837. Barely holding under the 38.2% of the last daily up leg, hourly indicators seem exhausted to the upside suggesting some downside correction to come, as long as pair don't break above yesterday's high zone of 1.4860.
Bigger time frames however remain strongly bullish, and with NIKKEI 225 opening 1.3% up above 10000, expect the pair to extend current rally, as long as above 1.4770 support zone and local shares remain in positive territory, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4810 1.4770 1.4740. Resistance levels1.4860 1.4890 1.4930.