Morning Report

The dollar versus swissy achieved clear negative pressure on the support level's sideway range at 1.0280 in an attempt to breach; meanwhile, positive signs are impeding the positive signs that are appearing on momentum indicators to achieve a descend. We still see that the expected direction for today is bearish that will start to assure the breachfor the mentioned support level and target 1.0170followed by1.0055.

The trading range for today is among the key support at 1.0055 and the key resistance at 1.0400.

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

Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.0280 targeting 1.0170 and stop loss above 1.0375, might be appropriate.