The euro versus dollar traded between the 76.4% correction and 61.8%, as seen on the provided four-hour chart.

The euro versus dollar traded between the 76.4% correction and 61.8%, as seen on the provided four-hour chart. The negative pressures from Stochastic is forcing the pair to descend, thus making us maintain our morning expectations; where we await a base to be built on 1.4990 and then activate the bullish intraday direction for the remainder of trades today; the bullish expectations require 1.4925 to remain intact. 

The trading range for today is among the key support at 1.4840 and the key resistance at 1.5200.

The general trend is to the upside as far as 1.4135 remains intact with targets at 1.6000.

Support 1.4990 1.4925 1.4840 1.4755 1.4700 
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Resistance 1.5050 1.5100 1.5140 1.5200 1.5290 
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Recommendation Based on the charts and explanations above our opinion is buying the pair from 1.4990 targeting 1.5200 and stop loss below 1.4925, might be appropriate

Tags: EUR/USD