Morning Report

The Euro versus Dollar pair declined yesterday to pass the suggested support level before rebounding back to the upside within an ascending channel as seen in the above image. We believe the pair is to gather the bullish momentum needed to extend gains which makes us believe the pair is to incline on the intraday basis targeting 1.4845 and 1.4970 respectively as far as 1.4470 is intact.

The trading range for today is among the key support at 1.4470 and the key resistance at 1.4970

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 1.4715 to 1.4845 and stop loss below 1.4650 might be appropriate.