Swiss traded in line with our expectation and declined from 1.2870 to test our expected support at 1.2780. We booked a profit of 80 for our 1.2870 sell position at 1.2790. For now we would expect the currency to get lower from 1.2860 levels for a fresh low to be tested. So prefer selling at 1.2850 for a decline towards 1.2700.
Sell @ 1.2850 for 1.2740, with stop above 1.2880.
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