Morning Report

The Euro versus Dollar pair corrected to the downside to build a base at 1.4655 before rebounding to the upside and near our suggested target at 1.4765. Trading within a minor bullish channel, as seen in the image above,is continuing the short term uptrend where it is expected to face a resistance at 1.4875. The upside trend remains, as far as 1.4650 is intact with targets at 1.4875 and 1.5000

The trading range for today is among the key support at 1.4330 and the key resistance at 1.4985

The general trend is currently 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 1.4705 to 1.4875 and stop loss below 1.4610 might be appropriate.