The dollar versus swissy stabilized below the 50 moving average and below the minor support, shown in the image above. Stochastic is showing bullish signs that might force the pair into a minor upside movement that may retest the breach of the minor support at 1.0125. However, the overall direction expected for today is bearish over intraday basis, where its first main target is to breach 1.0030 and then head next towards 09950and then0.9880. The daily close remaining below 1.0165 is essential for the bearish trend to prevail.
The trading range for today is among the key support at 0.9840 and the key resistance at 1.0335.
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 1.0125 and targeting 1.0030 and stop loss above 1.0195, might be appropriate|