FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4970. Losing ground quickly in firs Asian hours, risk aversion and thin volume exacerbates movements, with pair testing key support at 1.4930 before rebounding to current zone.
Technically, hourly indicators seem a bit exhausted to the upside, yet bigger time frames support further falls, better after some upside short lived correction. Daily ascendant trend line at 1.4840 area, remains key midterm inflection point, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: .4930 1.4880 1.4840. Resistance levels: 1.5020 1.5060 1.5100.