Fxstreet.com (Buenos Aires) - Strong rise in U.S. stocks send the pair higher after reaching an intraday low of 93.40, regaining more that 100 pips in less than an hour. Now consolidating above 94.50 and just under 94.75/80 resistance zone, pair has break to the upside a 4 hours descendant trend line coming from 97.77 highs, accelerating the rise. Above today's high, next resistance levels come at 95.20 and 95.50 strong zone.
4 hours charts indicators had turn bullish, with CCI crossing the 0.00 line and momentum the 100 level downside up almost vertical. Also above 20 SMA in the same time frame, pair should continue rising after this consolidation stage. Supports from current price lie at 94.45 and 94.10.