The dollar versus swissy has started its process in breaching they key support level at 1.0145, which represents 61.8% Fibonacci correction level for the last bullish wave that began from the bottom recorded at 1.0030. The stochastic appears to be negatively reversing, thus pressuring our expectations that point to an expected bearish trend over an intraday basis for today; where its main targets start from the mentioned bottom at 1.0030. Chances of these bearish expectations to prevail require trading to remain below 1.0220.
The trading range for today is among the key support at 0.9950 and the key resistance at 1.0350.
The general trend is to the downside as far as 1.1225 remains intact with targets at 0.9600.
|Recommendation||Based on the charts and explanations above our opinion is selling the pair at 1.0145 and targeting 1.0030 and stop loss above 1.0220, might be appropriate|