Morning Report

The Euro versus Dollar pair was able to maintain trading above 1.4250 yesterday, where it is currently attempting to gather enough bullish momentum to incline towards breaching 1.4375. This breakout will open the way for the pair to target 1.4650 initially. This incline requires 1.4145 to remain intact.

The trading range for today is among the key support at 1.3975 and the key resistance at 1.4650

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 the pair from 1.4250 to 1.4375 and stop loss below 1.4145 might be appropriate.