Morning Report

The Euro versus the Dollar neared our initial suggested target at 1.4845, before reversing back to the downside towards the key support for the minor channel at 1.4725. The stochastic indicator is still providing bearish signs, which may result in declines yet we believe the pair is to incline on the intraday basis targeting 1.4845 and 1.4970 respectively as far as 1.4470 remains 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 1.4725 to 1.4845 and stop loss below 1.4650 might be appropriate