Mid-day report

The dollar versus swissy pair head a new attempt at 1.0550major support level, which points to continuing attempts to breach it and open the way forthe intraday downside move. Our morning expectations remain intact, paying attention to the possible fierce fluctuations in the breaching process. It is vital that 1.0665 remains intact for the expected downsidemove to prevail.

The trading range for today is among the key support at 1.0300 and the key resistance at 1.0915.

The general trend is to the upside (so far) as far as 1.0550 remains intact with targets at 1.2245.

RecommendationBased on the charts and explanations above our opinion is selling the pair with the breach of 1.0550 To 1.0400 and stop loss above 1.0675, might be appropriate