Morning Report

The Euro versus Dollar pair surged to the upside to near our initial target for the intraday uptrend at 1.4875. We see in the image abovethat trading is within a bullish channel continuing the intraday uptrend with targets at 1.4960, yet with possibility of a slight downside correction to 1.4755 before rebounding back to the upside. The incline remains as far as 1.4665 is intact.

The trading range for today is among the key support at 1.4470 and the key resistance at 1.5135

The general trend is to the upside as far as 1.4135 remains intact with targets at 1.6000

RecommendationBased on the charts and explanations above, our opinion is buying the pair from 1.4755 to 1.4875 and stop loss below 1.4665 might be appropriate.