FXstreet.com (Córdoba) - EUR/USD pulled back one more time to the 1.4800 zone. The Dollar was unable to break below and rebounded, sending the pair to 1.4830. The pair is moving sideways during the American session without a clear direction. On the upside, the pair has a resistance zone at 1.4875 (intra-day high) and to the downside, support lies at 1.4800 (session low).
The ecPulse.com analysis team, affirms: As a result, the euro-dollar pair is inclining slightly due to technical movements and is forecasted to rise further to the upside according to the four-hour stochastic oscillator, having the Union currency so far trading around 1.4851 recording a high of 1.4876 and a low of 1.4760 along with a resistance at 1.4892 and a support at 1.4795.