The dollar versus swissy attempted to gain bearish momentum this morning, to support the downside movement; whereas, the 50 MA pushed the pair to move to the downside. The most vital level for today is the support level at 1.0285, where we expect it to be the key for the bearish short term direction. However, we still see that the pair will move to the downside over the short term intraday basis, where its main important targets exist around 1.0000, requiring the four hours to close below 1.0415 so that it could prevail.
The trading range for today is among the key support at 1.0000 and the key resistance at 1.0600.
The general trend is to the downside (so far) as far as 1.1225 remains intact with targets at 0.9600.
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