Midday Report

The euro versus dollar traded within a narrow range since this morning, wedged between 1.4955 and 1.4990 in an attempt to get rid of the negative momentum impeding the pair's expected bullish direction. From here we reserve our morning expectations, while we await a bullish intraday direction if trading remains above 1.4845.

The trading range for today is among the key support at 1.4675 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.

RecommendationOur morning expectations remain valid