FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4865. Flat in the hourly chart, pair remains under 20 SMA while indicators in the chart look slightly bearish. Bigger time frames remain bearish after today's opening to the downside yet no much action is expected during current session: while risk appetite downturn will keep the par from running higher, rising gold prices likely to limit downside movements.
While 1.4930 is the key level to watch to the upside during the next sessions, 1.4750 daily ascendant trend line, is the key level to follow to the downside, as break under that zone could confirm further falls for the week, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4840 1.4105 1.4750. Resistance levels: 1.4890 1.4930 1.4970.