FXstreet.com (Córdoba) - The Euro is extending its decline form the highs of the day. EUR/USD fell below 1.5000 to 1.4975 and so far has fallen more than a hundred pips from 1.5080 (intra-day high). If the pair falls further immediate support lies at 1.4950/55 and below at 1.4920. Current price at 1.4985/90 is 0.17% below today's opening price.
Valeria Bednarik, Fxstreet.com collaborator, affirms: Current candle opening under 20 SMA support further falls in the next hours yet will likely confirm such movements with an acceleration under 1.5000. Nest support in the pair comes at the daily low, around 1.4970, while back above 1.5040, chances of further falls seems quite limited. 4 hours charts are losing upside momentum but mostly flat, no giving a clear bias.