FXstreet.com (Barcelona) - Euro pulldown from intra-day high at 1.4855 has extended below 1.4770/85 support area, as the pair dipped to 1.4750 on early U.S. session.
At the moment, the Euro has minor support at 1.4760, and below here 1.4700/20 amd 1.4685 (Oct 29 low). On the upside, resistance levels lie at 1.4820/30 and above here 1.4850/55 session high and 1.4875.
The Euro is looking bearish in hourly charts, and according to Valeria Bednarik, collaborator at FXstreeet.com, below 1.4770, downside momentum could accelerate: Hourly indicators had turned bearish, with price currently under 20 SMA that had turned flat. Bigger time indicators remain flat, with 20 SMA still with a bearish slope, suggesting more downside to come in the next hours, y pair manages to break 1.4770 support zone.