FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.5130. Pair halted the upside rally barely under 1.5150 resistance area, mentioned in previous update. Overbought in the hourly chart, pair could correct to the downside, thus likely to remain limited for strong bullish momentum in the pair, ahead of U.S. Thanksgiving Holiday. 4 hours charts also have signs of overbought yet no signs of reversal or even correction.
Pair needs to break psychological 1.5100 level, to test next support at 1.5060, previous yearly high. As usual lately, pair behavior will be highly related to gold movements: if the metal keeps rising, chances of downside corrective movements dilute, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5100 1.5060 1.5020. Resistance levels: 1.5150 1.5185 1.5235.