FXstreet.com (Buenos Aires) - Following previous updates, pair break under the ascendant trend line coming from the 1.4700 lows, and trigger the expected selling rally. Also pair broke under 20 SMA in 4 hours chart around 1.5050 past American session confirming the view, sending the pair to the 1.4942 level.
Fighting again with the 1.5000 level, intermediate support will come at 1.4986 ahead of mentioned low. Valeria Bednarik, collaborator at FXstreet.com said: Longer term bias will firm ip the pair manages to regain the 1.5115 level.
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