Morning Report

The dollar versus swissy was able to breach the neckline for the bearish technical pattern at 1.0230, thus opening the wayfor theshort term downside move that targets mainly 1.0000. For today, we can expect an intraday downside move with the possibility of some bullish fluctuation from the positive signs on the momentum indicators. The bearish direction willprevail as far astradingremains intact below 1.0340.

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0450.

The general trend is to the downside (so far) as far as 1.1225 remains intact with targets at 0.9600.

RecommendationBased on the charts and explanations above our opinion is selling the pair at 1.0230 and targeting 1.0110 and stop loss above 1.0320, might be appropriate