FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4408. Consolidating above 1.4400 for the past 9 hours, over bought conditions remains, and no signs of corrections yet as strong sentiment supports further rises in the pair.
“Nikkei 225 opening above 10400 following Wall Street rise also supports the bias, while 20 SMA with a strong bullish slope in the hourly, should capped corrective downside movements,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4375 1.4240 1.4200. Resistance levels 1.4340 1.4365 1.4410.
EUR/USD (Aug 04 at 05:10 GMT)
H 1.4431 L 1.4375
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4308 | 1.4344 | 1.4380 | 1.4393 | 1.4429 | 1.4465 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 04 at 05:05 (15-minute timeframe) |
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