FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4357. Breaking lower pair remains under selling pressure after earlier break and confirmation under 1.4400 zone, base of this week range. Approaching to past Tuesday low and acceleration trough 1.4345 likely to supports further falls during current session.
Hourly momentum however, looks a bit exhausted to the downside, so maybe next candle opening could confirm the movement. 20 SMA above current price favors the downside, while 4 hours charts also look bearish in these first Asian hours, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4320 1.4280 1.4250. Resistance levels: 1.4365 1.4400 1.4440.