FXstreet.com (Córdoba) - EUR/USD is testing the support zone at 1.4800. The Euro lost strength after the opening bell at Wall Street and moved away from intra-day high at 1.4875 which is also a year high. If the pair falls below 1.4800 the next support lies at 1.4760 (intra-day low) and below at 1.4740. On the upside, the pair could face resistance at 1.4830 and above at 1.4875.
Currently it trades at 1.4807/10, 0.20% above today's opening price.
The ecPulse.com analysis team affirms: The euro-dollar pair inclined on the daily charts, but declined on the 4-hour and 1-hour charts. The euro zone released its ZEW Survey for the month of October, where it shows deterioration. However, the euro was slightly impacted by the downbeat report. The pair touched the year high at 1.4875.