Fxstreet.com (Buenos Aires) - EUR/USD Current price: 1.2913. Bearish pressure continues intact in the pair, that's consolidating close to Monday's lows. 20 SMA is guiding the pair downward movement, acting as first dynamic resistance in the pair, now around 1.2940.

Still oversold and with momentum showing some bullish divergences, corrections could develop in the next hours, said Valeria Bednarik, collaborator at FXstreet.com. Above the mentioned MA, 1.3000 is the zone to consider.

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