Mid-day report

The dollar versus swissy continues its narrow trading, stuck between 38.2% and 50% correction levels and is starting to assure the negative signs appearing on Stochastic. Thus, we keep our morning expectations and await the beginning of the downside building a solid base on 1.0700, to head towards a more important level at 1.0550which determine the pair's general trend. Trading should prevail below 1.0700 to keep chances of achieving the downside direction for today valid.

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 from 1.0700 To 1.0550 and stop loss above 1.0765, might be appropriate