Morning Report

The Euro versus Dollar pair was able to breach the neckline for the bullish technical pattern, pointed out yesterday, to surge higher in an attempt to reach the initial target near 1.4845. We may witness slight volatility, due to the negative pressured from momentum indicators that may result in a retest for the neckline at 1.4670 and to help gather bullish momentum to incline today. The incline remains as far as 1.4440 is intact.

The trading range for today is among the key support at 1.4440 and the key resistance at 1.4950

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 1.4670 to 1.4845 and stop loss below 1.4595 might be appropriate.