FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4307. Quoting around the base of past days' range, pair remains bearish in the hourly chart, after worst than expected retail sales data both in Germany and the euro zone early Thursday. Hourly charts show 20 SMA strongly bearish above current price capping the upside, while pair moving in a small consolidation range between 1.4300/1.4335 for the past hours.
Ahead of U.S. employment data, investors could remain cautious during current session, keeping the pair range bound. Regional stock markets have mildly positive lead from U.S. stocks, after DJIA managed to close at a 15 months high, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4300 1.4270 1.4220. Resistance levels: 1.4335 1.4365 1.4400.