FXstreet.com (Buenos Aires) - EUR/USD hits a daily low of 1.4374 in the last minutes as gold retreats from daily high of $ 1129/oz, and quotes under $ 1120 at the time or writing. Dollar has been under pressure since Asian opening, as a spike of risk appetite send stocks and commodity higher across the world.
According to Valeria Bednarik, Fxstreet.com collaborator, pair has a strong support around 1.4365 area, that if broken, could accelerate downside momentum ahead of next sessions. Bednarik says: hourly chart show indicators mostly flat as well as 20 SMA, giving no clear bias for current session, as sentiment leads the way. 4 hours charts turned slightly bearish yet we need a confirmation under mentioned 1.4400 area, to see the pair extending the downside. Better if 1.4365 static support zone gives up. She adds resistances are located at 1.4400 and 1.4440 ahead of 1.4485, today's high.