Morning Report

The Euro versus Dollar pair's trading calmed since yesterday with slight tendency to the downside that has taken the pair to the mentioned support at 1.4690. The stochastic indicator is nearing an oversold area which may result in a rebound to the upside where we expect the pair is to incline today on the intraday basis to target 1.4845 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 1.4690 to 1.4845 and stop loss below 1.4595 might be appropriate.