Morning Report

The euro versus dollar was able to achieve the awaited targets since yesterday, after successfully building a base on the mentioned resistance 1.4585. There are stillsome bearish targets and more of the expected short term, but we see that there are chances of a minor bullish correction on the intraday basisreaching 1.4500 and then return to resume the bearish direction, where upcoming targets are 1.4200. It is vital that 1.4535 remain intact for this expected bearish direction to continue.

The trading range for today is among the key support at 1.4200 and the key resistance at 1.4585.

The general trend is to the upside as far as 1.4135 remains intact with targets at 1.6000.

Weekly ReportMonthly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.4365 targeting 1.4500 and stop loss below 1.4300, might be appropriate.