FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.4281. Still under pressure, Euro enters the Asian session holding the bearish tone, with hourly indicators saturated at the bottom: bigger time frames also show indicators in extreme oversold conditions, yet no signs of an upside correction yet. On contrary, 20 SMA with a strong bearish slope as seen in this chart, should keep the upside limited.
Local share markets likely to rise, taking cue from Wall Street's gains, yet stocks movements hardly will affect current pair. said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4250 1.4215 1.4180. Resistance levels: 1.4310 1.4335 1.4390.