Morning Report

The Euro versus Dollar pair reached our suggested target yesterday at 1.4685 as it maintained trading around this level where we believe the pair is to gather bullish momentum to relieve indicators. We may witness slight volatility with a downside correction to reach 1.4640 before rebounding back to the upside on the intraday basis targeting 1.4865 as far as 1.4545 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 1.4640 to 1.4765 and stop loss below 1.4545 might be appropriate.