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The Euro versus Dollar pair surged towards the awaited resistance at 1.4375, after building a solid base at the pivot support at 1.4250, yet is still facing difficulties in breaching the mentioned level. We still see possibilities of a breakout today and therefore we expect an incline on the intraday basis targeting 1.4620, as far as 1.4230 is intact.

The trading range for today is among the key support at 1.4020 and the key resistance at 1.4620

The general trend is to the downside as far as 1.4720 remains intact with targets at 1.2120

 

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Support1.43001.42501.41701.41201.4070
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Resistance1.43751.44301.44751.45501.4620
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RecommendationBased on the charts and explanations above, our opinion is buying the pair with the breach of 1.4385 to 1.4515 and stop loss below 1.4300 might be appropriate.
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