Morning Report

The euro versus dollar pair was stuck on the upside around 1.5000, where we notice ascending support levels that point to constant pressure on pivotal resistance 1.5020. We see that the expected direction for today is bullish over an intraday basis; which will start after clearly breaching 1.5020 and head towards 1.5200 as a first technical target.Areas of1.4910 should remain intact to maintain chances of achievingtheanticipated bullish scenario.Stochastic is showing positive signs that support our expectations.

The trading range for today is among the key support at 1.4600 and the key resistance at 1.5290.

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 1.5020 and targeting 1.5140 and stop loss below 1.4915, might be appropriate.