Mid-day report

The euro versus dollar pair is inclining gradually since this morning, attempting to breach the mentioned resistance level at 1.4345. From here, our morning expectations remain as is, while we await the four-hour closing above the mentioned level to insure the upside move for today.

The trading range for today is among the key support at 1.3975 and the key resistance at 1.4650.

The general trend is to the downside as far as 1.4720 remains intact with targets at 1.2120.

RecommendationOur morning expectation remains valid