FXstreet.com (Buenos Aires) - Despite early strength during Monday European session, dollar remains under pressure ahead of another holiday in Asia, with majors close to New York closing levels; EUR/USD quotes around 1.4680, with immediate support at 1.4640, and strong resistance between 1.4700/20. GBP/USD holds around 1.6225 and needs to clearly overcome 1.6240 to regain some strength to the 1.6300 area, while under 1.6180 pair likely to retest past Monday's low at 1.6135.

With Japan holiday, and ahead of FOMC decision next Wednesday and G20 meeting by the end of the week, majors likely to remain range bound in the next sessions, as investors will wait for further clues of dollar destiny. FOMC is expected to leave both rates and QE unchanged, yet any reference to a sooner rate hike will favor greenback as part of current weakness is due to the rate differential.

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