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Regards,
The situation did not change. We need a confirmation of the franc reversal. For this, we are waiting for a break out of the channel.
Trading recommendations:
- The franc looks very promising for sale along of a good ratio of risk to profit. Another advantage is that the currency did not reverse for correction and we have an opportunity to enter. Therefore, I recommend selling on a breaking out of the channel with the targets at 1.0485 and 1.0365.
Regards,
analyst A. Portnov