FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4956. Slightly bearish in the hourly chart, pair remains trading in ranges, with no clear bias coming from indicators, as most moving averages had turned flat, as well as in bigger time frames. Asian shares likely to extend past sessions falls after Wall Street negative close, yet pair will probably remain attached to gold behavior rather than stocks.
Under 1.4880 yesterday's low, expect some downside acceleration as hourly indicators show no upside strength, said Valeria Bednarik, collaborator at FXstreet.com. Clear break and confirmation above 1.5000/20 area is needed to break the consolidative range to the upside, yet not seen at this point
Support levels: 1.4930 1.4900 1.4880. Resistance levels: 1.4980 1.5020 1.5060.