The Euro versus Dollar pair was limited at the 50% correction at 1.4210 yesterday, and was able to rebound to the upside to reach the expected target at 1.4375, after closing above the pivot support at 1.4250. Continuous closing below 1.4375, has yet to confirm the uptrend, where we expect a possible downside correction to reach 1.4290, before rebounding back to the upside to breach 1.4375 and target 1.4550. The 1.4210 level remaining intact is needed for the pair to incline.
The trading range for today is among the key support at 1.4020 and the key resistance at 1.4550
The general trend is t the downside as far as 1.4720 remains intact with targets at 1.2120