Mid-day report

The euro versus the dollar pair graduallydeclined since this morning, nearing the awaited support level at 1.4515; our morning expectations remain intact, while we await for the pair to rebound from the support level and then achievingthe intraday upside move where its first target is at 1.4675. It is pivotal that 1.4460 remains intact to achieve the expected upside move for today.

The trading range for today is among the key support at 1.4330 and the key resistance at 1.4865.

The general trend is to the downside as far as 1.4725 remains intact with targets at 1.2120.

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.4515 To 1.4675 and stop loss below 1.4460, might be appropriate