Mon, Aug 10 2009, 01:57 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4195. Correcting past Friday extreme fall, pair remains oversold in the hourly just under 1.4200. Longer term bullish bias has tumbled after the pair lost the 1.4250 level, now turned into key resistance.
20 SMA with a clear bearish slope should keep corrective movements capped, as bigger time frame bias has also turned to the downside. “Market sentiment seems to be turning from risk appetite to interest rate differential, favoring greenback in the midterm,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.4180 1.4150 1.4110. Resistance levels 1.4230 1.4250 1.4290.
EUR/USD (Aug 10 at 03:13 GMT)
1.4200/02 (0.18%) H 1.4212 L 1.4171
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