Morning Report

The euro versus dollar was able to achieve the primary targets awaited since yesterday and near above the MA25 -currently valued at 1.4385-. Momentum indicators are showing negative signs that could pressure it to attempt some bearish correction before resuming the expected bullish direction for today. The main upcoming target is around 1.4500, keeping in mind the importance of 1.4275 remaining intact to achieve these expectations.

The trading range for today is among the key support at 1.4215 and the key resistance at 1.4565.

The general trend is to the upside as far as 1.4035 remains intact with targets at 1.6000.

Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.4345 targeting 1.4500 and stop loss below 1.4275, might be appropriate.