Morning Report

Trading for the Euro versus Dollar pair maintained above 1.5000 near 1.5040, which represents a neckline for a bullish technical pattern, seen in the secondary image. This pattern supports our expectations for further inclines on the intraday basis to take the pair to 1.5140 – key resistance for the bullish channel. Momentum indicators show slight bearish signs that may falter the incline, which remains valid as far as 1.4955 is intact.

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

RecommendationBased on the charts and explanations above, our opinion is buying the pair with the breach of 1.5040 to 1.5140 and stop loss below 1.4955 might be appropriate.