Morning Report

The dollar versus swissy is achieving constant pressure on minor support levels between 1.0235 - 1.0245, but momentum indicators are pressuring the pair to continue move to the upside and impede achieving more bearish trends till now. We expect some fluctuation leaning towards minor bullish correction that could touch 1.0260 and then gain enough bearish momentum to support the breach of mentioned support levels and pave the way to achieve a possible bearish intraday direction; targeting first 1.0170 and then 1.0125. Keep in mind that these expectations require trades to remain intact below 1.0300.

The trading range for today is among the key support at 1.0100 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.

Weekly Report Previous Report

RecommendationBased on the charts and explanations above our opinion is selling the pair with the breach of 1.0235 targeting 1.0125 and stop loss above 1.0300, might be appropriate.