Mid-day report

The dollar versus swissy pair is moving sideways since this morning, within a narrow range, withcontinued positive signs on the momentum indicators, which could pressure the pair totheupside; we expect that move will not surpass 1.0400 and then the pair will return to continue the intraday descend expected for today. The intraday direction expected will prevail is trading remains below level 1.0400.

The trading range for today is among the key support at 1.0000 and the key resistance at 1.0700.

The general trend is to the upside (so far) as far as 1.1225 remains intact with targets at 1.9600.

RecommendationBased on the charts and explanations above our opinion is selling pair from 1.0400 To 1.0270 and stop loss above 1.0480, might be appropriate