FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.5062. Pair fell to an intraday low of 1.5040 after ECB disappointed market with timid announcements regarding exit strategies. Hourly charts show indicators pointing for an upside corrective movement, with 20 SMA above current price at 1.5080 acting as firs dynamic resistance for next hours.
Bigger time frames had turned bearish, with 4 hours charts signaling further falls after due correction. Still pair likely to remain contained ahead of U.S. Non Farm Payroll data, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5040 1.5000 1.4970. Resistance levels: 1.5080 1.5110 1.5145.