FXstreet.com (Córdoba) - EUR/USD rebounded sharply at 1.4820 and rose to 1.4885. The pair bottomed at 1.4822 posting a fresh intra-day low but it was rejected from those levels and recovered. Currently the pair trades at 1.4872/75, 0.15% above today's opening price. To the upside, immediate resistance lies at 1.4900 (intra-day high) and above at 1.4950.
The ecPulse.com analysis team affirms: The EUR/USD pair is being traded at 1.4847 between the support of 1.4790 and the resistance of 1.4893 while recording a high of 1.4900 and a low of 1.4823. The momentum indicators on the four-hour charts are showing us that the pair is being traded close to an oversold area while they are providing us with a upwards trend on the one-hour charts.