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There are still more bearish sentiment towards the pair than bullish, even though the pair has been on a down-trend for the most of this year. The daily and weekly technical indicators are still to the south, suggesting a continuation of the trend. Moreover, the majority of the SWFX traders', namely 68%, expect that the Swissy will continue to depreciate. Nevertheless, the short-term target is the major level at 1.34, before prolonging the bearish trend.
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