EUR/USD Current Price: 1.4238

Thu, Aug 27 2009, 01:18 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4238. Rebound from 1.4200 yesterday’s low, has been halted at the strong static resistance level at 1.4250, and pair is slowly regaining the downside.

Capped by 200 EMA in the hourly, and with 20 SMA with a nice bearish slope that also favor the downside, current candle opened under a small ascendant channel forming a continuation figure.

Nikkei 225 open down 0.7% at 10,570.78, as optimism continues fading. “Watch for a confirmation under 1.4200 that would signal further midterm falls,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4200 1.4160 1.4120. Resistance levels 1.4250 1.4280 1.4315.