FXstreet.com (Buenos Aires) - Euro could recover part of the lost ground during next Asian session, following local shares, expected higher due to Wall Street first gain in 4 sessions. DJIA close up 1.3% while S&P rose 1.9%. With commodity currencies also positive against greenback, dollar could quickly lost the gained ground in past hours; gold, capped under $ 1000/oz, needs to overcome that level to regain past week strength and support greenback falls.
EUR/USD now at 1.4630, has a slightly bullish perspective for next hours, thus needs to clearly break above 1.4680 to extend the upside rally to the 1.4720 area. Under 1.4600, 1.4550 is next support zone to consider.GBP/USD likely to remain under pressure capped by 1.5920 area; upside movements should be consider corrective as long as we remain under 1.6030 area.