FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4960. Pair remains consolidating around the 1.4960 level since U.S. close, after failing to break above the 1.5000 area again; with hourly indicators slightly bearish, and with bigger time frames flat, pair needs to move under 200 EMA (violet) around 1.4920 to extend current downside momentum.
To the upside, 1.5000/20 level seems to be key as the pair has halted just under that zone since past Thursday: clear movements above that level will support a retest of the yearly high around 1.5060, ahead of 1.5100 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4920 1.4880 1.4840. Resistance levels: 1.4990 1.5020 1.5060.