Morning Report

The Euro versus Dollar pair continued to surge to the upside reaching 1.4600, as it is currently limited between the 50% and 23.6% corrections for yesterday's bullish wave. We expect high volatility in the attempt to gather bullish momentum to support the uptrend on the intraday basis to target the key resistance at 1.4675, after correcting to the downside towards 1.4515. The uptrend for today remains as far as 1.4460 is intact.

The trading range for today is among the key support at 1.4330 and the key resistance at 1.4865

The general trend is to the downside as far as 1.4725 remains intact with targets at 1.2120

RecommendationBased on the charts and explanations above, our opinion is buying the pair from 1.4515 to 1.4675 and stop loss below 1.4460 might be appropriate.