FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4488. Unchanged since past update, pair could come under pressure during current Asian session as regional stocks markets are likely to be weighted by Wall Street fall. Risk aversion could extend after China's decision yesterday to reserve requirements for banks by 50 bps, also favoring the downside in the cross.
Technically, pair has been ranging with the downside capped by the 1.4450 area, first support for next hours, said Valeria Bednarik, collaborator at FXstreet.com. Indicators are flat on the hourly around mid levels giving no clear perspective. Pair needs to break under mentioned support or confirm an acceleration above 1.4565 to define next movements.
Support levels: 1.4450 1.4400 1.4370. Resistance levels: 1.4530 1.4565 1.4620.