FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4894. Dollar starts the week slightly up against Euro, just under the 1.4900 level. Having formed a probable double roof figure on the hourly around 1.4965 highs, clearly under 1.4840 neck line pair could extend the downside thus negative sentiment likely halt any powerful dollar rally; current candle opened under 20 SMA while indicators are slowly turning down.
Bigger time frames also support some falls for the next hours, yet break above 1.4920 will deny the bias and turn bullish. Gold remains the main market driver among currencies crosses, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4865 1.4840 1.4810. Resistance levels: 1.4920 1.4965 1.5000.