FXstreet.com (Córdoba) - The Euro is losing part of yesterday's gains against the Dollar so far, as it trades at 1.4811/15, 0.20 below today's opening price action at 1.4835. EUR/USD fell to 1.4783 posting a fresh intra-day low but rebounded and rose back above 1.4800. The pair is heading toward the first weekly loss after rising in the last three.
Valeria Bednarik, collaborator at FXstreet.com affirms: Breaking lower ahead of U.S. opening, hourly indicators had turned bearish, with price currently under 20 SMA that had turned flat. Bigger time indicators remain flat, with 20 SMA still with a bearish slope, suggesting more downside to come in the next hours, y pair manages to break 1.4770 support zone.