FXstreet.com (Buenos Aires) - EUR/USD remains under selling pressure following Wall Street slump and gold prices that break under $ 1000/oz, now acting as key resistance level to watch. Next support levels to watch for the pair come at 1.4645 area, followed by 1.4600/10 zone, that should halt the downside rally, as it represents the 61.8% retracement of the monthly fall 1.6038/1.2330. Weekly close under that level will suggest pair has topped at the 1.4840 area, and will attempt a more important downside correction.
Hourly charts look strongly bearish with no signs of exhaustion or reversal, supporting further falls. Upside corrective movements should remain limited over the next few hours, with resistances at 1.4705 and 1.4740 zone.