FXstreet.com (Córdoba) - The Dollar strengthened across the board in the last hour. EUR/USD was rejected from 1.4770 and fell sharply to 1.4710. The pair has fallen more than 60 pips in the last two hours and is heading toward intra-day low that lies at 1.4701. Dollar has recovered after a slid during the European session. Below 1.4700, the next support lies at 1.4680 and 1.4640/50.
The ecPulse.com analysis team affirms: The euro versus the dollar continued its downside pressures upon 1.4725 support, with a downside breach attempt; nevertheless, the pair instantly returned to trade around this level, in an attempt to return to its expected upside direction. However, we still hold onto our morning expectations of an intraday upside direction, where expectations are supported by Stochastic's oversold signs.