EUR/USD Current Price: 1.4588. Slowly regaining the upside, pair remains capped under the 38.2% retracement of the last daily up leg 1.4190/1.4842, around 1.4600. with hourly charts slightly bullish, pair needs to clearly confirm above that level to extend the upside rally, thus next strong resistance area came around 1.4650; if the last gives up, pair could regain previous day bullish strength. Under 1.4550 static support zone, next support came at 1.4515 area, 61.8% of the mentioned rally. Nikkei 225 opened up 0.1% and quickly turned to negative territory, limiting pair rises. “Price broke above 20 SMA yet it still has a bearish slope, while in bigger time frames pair is well under the indicator, yet with no clear bias for next hours,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4555 1.4510 1.4480. Resistance levels: 1.4610 1.4645 1.4680
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