FXstreet.com (Barcelona) - After falling from 1.4740 to find support at 1.4685 after the US 1Q GDP data, the pair has begun to rise to be back to 1.4770. Currently the pair is trading around 1.4755/65.
Valeria Bednarik, FXstreet.com collaborator, says: Also correcting to the downside, the pair is right now fighting a descendant trend line coming from yesterday's low. Indicators are giving bearish signs with CCI cutting the 0.00 line and momentum pointing down. New candle opening under the trend line, could extend the downside correction to the 1.4660 zone. Support levels: 1.4660 1.4610 1.4572. Resistance levels: 1.4740 1.4794 1.4830.
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