Mid-day report

The euro versus dollar pair is trading in a relatively narrow range, with constant attempts to the upside to reach the mentioned resistance level at 1.4675. Our morning expectations remain intact, while we await the pair to reverse to the downside targeting initially 1.4560 – 1.4490.

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 selling pair from 1.4675 To 1.4560 and stop loss above 1.4765, might be appropriate