FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4955. Following past Friday's U.S. positive stocks, Nikkei 225 opened to the upside 0.1%, with gold also supporting risk appetite gapping to the upside and quoting at 1123/oz. Euro remains well bid at this point and bullish in the hourly chart, with indicators pointing for further gains for the hegemonic currency.
SMA Bigger time frames support the bias as daily indicators lost the negative slope and turned to the upside, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4920 1.4880 1.4850 1.4810. Resistance levels: 1.4970 1.5010 1.5060.