EUR/USD continues printing lower highs, and remains capped in the 4 hours charts, by the 20 SMA. Momentum look weak, with no upside strength ahead, while RSI lost oversold conditions, suggesting we can see another downside leg. Gold prices, falling to $ 1090/oz, support dollar strength. Ahead of U.S. GDP, a better than expected reading will likely favor more dollar winnings, while reading needs to be quite awful to trigger the opposite rally.
With 1.4260 as first support zone to consider, an acceleration under that level will probably send the pair quickly to test the 1.4220 area, ahead of stronger 1.4180, 50% retracement of the monthly fall 1.6038/1.2330.
Above 1.4340, pair could change intraday bias, thus with limited strength. Next resistances will lie at 1.4370 area and 1.4410.
With 1.4260 as first support zone to consider, an acceleration under that level will probably send the pair quickly to test the 1.4220 area, ahead of stronger 1.4180, 50% retracement of the monthly fall 1.6038/1.2330.
Above 1.4340, pair could change intraday bias, thus with limited strength. Next resistances will lie at 1.4370 area and 1.4410.
