FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4155. Slightly bullish at the opening, pair has gapped to the upside, starting the Asian session above hourly 20 SMA. After past Friday's fall in Wall Street with DJIA -2.13% and S&P down 2.20%, local markets had a quite negative cue from there.
Technically, pair is moving inside a small ascendant channel, with flat indicators in current chart, yet supporting some bullish bias in bigger time frames. 1.4180, past Friday's high is first resistance level to care of ahead of Japan opening, while 1.4120 had turned into a key support, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4120 1.4080 1.4030. Resistance levels: 1.4180 1.4225 1.4270.