EUR/USD Current Price: 1.4251. Moving in a tight range, pair has turned slightly bearish in the hourly chart, with price under both, 20 SMA and 200 EMA, and momentum pointing to the downside; however, past hour lateralization turned indicators weaker, as they do no signal a clear strength. Bigger time frames also show same conditions.
Nikkei opening up 0.4% will likely support some rises, thus 1.4300 area should keep them limited. “Moving inside a small triangle, break under the base, around 1.4240 level, could signal some downside continuation for next hours,” said
Support levels: 1.4250 1.4210 1.4160. Resistance levels: 1.4280 1.4310 1.4345.
EUR/USD (Sep 04 at 03:52 GMT)
H 1.4263 L 1.4233
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4176 | 1.4211 | 1.4247 | 1.4257 | 1.4293 | 1.4328 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Sep 04 at 02:52 (15-minute timeframe) |
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