Morning Report

The Dollar versus Swissy attempted to breach the key support at 1.0550, yet failed to do so. We still believe the pair is to decline, as the stochastic indicator is showing a possible bearish crossover supporting the downtrend to breach the above mentioned support and target 1.0400. The 1.0675 level must remain intact for the decline to occur.

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

The general trend is so far to the upside 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 1.0675 to 1.0550 and stop loss above 1.0740 might be appropriate.