Morning Report

The Euro versus Dollar pair attempted to breach the pivot support at 1.4850, yet failed to do so due to the positive pressure seen from the stochastic indicator. We still see the pair in need for a downside correction towards 1.4745 before rebounding back to the upside on the intraday basis; targeting 1.5080 as far as 1.4745 is intact

The trading range for today is among the key support at 14675 and the key resistance at 1.5280

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 selling the pair with the breach of 1.4850 to 1.4745 and stop loss above 1.4910 might be appropriate.