FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4983. Pair turned slightly bearish in the hourly, thus 1.4970 support zone still holds. 20 SMA has turned to the downside, and remains above current price, while indicators in the hourly chart continue pointing for further falls if the support gives up.
Bigger time frames indicators also support the bias, thus pair needs to clearly move away from the 1.5000 area to confirm a deeper correction, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4960 1.4940 1.4910. Resistance levels: 1.5000 1.5025 1.5060.