Morning Report

The euro versus dollar achieved a calm gradual ascend since yesterday within the minor ascending channel, where we expect it to contribute in pushing the pair to ascend.Stochastic is showing some negative signs that might force the pair to attempt a minor bearish correction. However, we expect the overall direction to be bullish for today; initially targeting 1.4550 as long as 1.4325 remains intact in the four-hour closING above it.

The trading range for today is among the key support at 1.4260 and the key resistance at 1.4545.

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

Weekly Report Previous Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.4325 targeting 1.4430 and stop loss below 1.4260, might be appropriate.