FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4851. Close to past Thursday lows, indicators show pair oversold in the hourly, suggesting some downside correction before a new leg down. However, upside corrective movements likely to remain capped by the 1.4880 area, as 4 hours charts indicators show pair strongly bearish and still with room to fall.
Confirmations under strong 1.4810 support area, will confirm further selling in the pair, that would probably take leads from commodities and stocks after Japan opening, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4810 1.4760 1.4720. Resistance levels: 1.4880 1.4930 1.4950.