Pair is quickly losing ground after another failure attempt to regain the 1.5000 area, with 4 hours charts turning bearish at this point; pair has a strong support zone at the 1.4800/20 area, where we have not only plenty of maximums and minimums but also the 200 EMA in the 4 hours charts. If the zone is reached in the next couple of hours, we will be close to exhaustion in smaller time frames, and with current negative sentiment for greenback and gold at record highs, pair should rebound to the upside there, reaching current zone 1.4850/60 before next resistance level, around 1.4900.
A strong acceleration around that 1.4800/20 zone, will likely signal further falls, if correction to the upside keeps the pair capped under 1.4850/60, and pair has good chances of reach the 1.4740 support level, ahead of 1.4700/10 area.
