Morning Report

The Dollar versus Swissy attempted to breach the resistance level at 1.0125, yet failed to do so due to the negative pressure that held the pair below this level. Momentum indicators are currently neutral and we are waiting for the bearish signs to support the short term downtrend targeting 1.0000. This decline remains as far as .0285 is intact.

The trading range for today is among the key support at 0.9880 and the key resistance at 1.0450

The general trend is to the downside 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 from 1.0125 to 1.0000 and stop loss above 1.0185 might be appropriate.