Midday Report

The euro versus dollar pair is struggling in breaching the minor support levels between 1.4530 – 1.4515, where it is supposed to complete the downside correction till 1.4465 and then resume the upside journey. From here we hold onto our morning expectations, supported by the over sold signs on Stochastic; tradingmust remain above 1.4360to maintain the 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 1.4465 To 1.4610 and stop loss below 1.4360, might be appropriate