FXstreet.com (Buenos Aires) - EUR/USD sky rocketed and hit an intraday high of 1.4266 with Wall Street in positive territory: S&P reached 1000 points while DJIA tested the 9300 area and both indexes remain hovering around that zones; despite extreme overbought conditions, pair is dragging for the past 4 hours in smaller time frames, no signs of a possible correction yet are seen. Pair consolidates close to daily highs, and as long as holds around these levels, chances of further rises in next sessions increase.

Corrective movements could send the pair down first to the 1.4230 support, followed by 1.4200 and finally 1.4150. Above today's high, expect pair to reach 1.4300 before finally triggering some interesting corrective movement.