Mid-day report

The euro versus dollar pair attempted to test yesterday's breached support level at 1.4250, tothen return to the downside again. We still hold onto our morning expectations, through achieving a minor downside building a solid base on levels 1.4170 or 1.4135 utmost, to then rebound to to the upside over intraday basis targeting 1.4650. Trading should remain above 1.4135 to maintain the upside for today.

The trading range for today is among the key support at 1.4020 and the key resistance at 1.4620.

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 pair from 1.4170 To 1.4375 and stop loss below 1.4100, might be appropriate