FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4273. Dollar remains strong early Asia, with the pair closing the day at intraday lows, under the 1.4300 mark; despite U.S. stocks positive tone, greenback remain in favor, with gold breaking lower and quoting under $ 1100/oz. Hourly charts remain bearish despite bigger time frames hold the oversold condition, with no signs of correction yet.
Well under 20 SMA, strongly bearish in the 4 hours charts, pair could extend the downside rally under past week low of 1.4260, with next key level to watch around 1.4180, 50% retracement of the monthly fall 1.6038/1.2330, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4260 1.4225 1.4185. Resistance levels: 1.4320 1.4375 1.4410.