EUR/USD Current Price: 1.5001

  @ibtimes on

FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.5001. Consolidating around daily high, Euro remains well bid on DJIA yearly high and gold prices above $ 1100/oz. Hourly charts show pair consolidating in a tight range between 1.4980/1.5020, with a strongly bullish 20 SMA, suggesting more upside to come if local shares replicates Wall Street gains.

4 hours charts show a continuation formation, a symmetrical triangle, thus indicators lost upside momentum and pair remains close to overbought levels; expect an acceleration above 1.5020 to confirm further upside rallies, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4980 1.4940 1.4900. Resistance levels: 1.5020 1.5065 1.5110.

.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video