Mid-day report

The euro versus dollar pair succeeded in breaching the resistance, mentioned this morning, at 1.4345; achieving the first target at 1.4450. The pair issteadily rushing to the upside, where we expect more upside moves over intraday basis, in an attempt to achieve the main target at1.4650; while it is vital that 1.4300 remains intact, to achieve these expectations.

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.

RecommendationBased on the charts and explanations above our opinion is buying the pair at 1.4420 To 1.4550 and stop loss below 1.4345, might be appropriate