Mid-day report

The dollar versus swissy pair started its negative pressure, gradually nearing the key support level at 1.0550, which we stillexpect to be breached opening theway to achieving the intraday downside move initially targeting 1.0400 and then heading to the downside towards 1.0000. It is vital that four-hour closings remain below 1.0700, for the downside move to continue for today.

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.

Support1.05501.04801.04501.04001.0375
Resistance1.06351.07001.07651.08001.0890
RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.0550 To 1.0400 and stop loss above 1.0635, might be appropriate