We have bounced off significant support at 110. It might take some time to push through this level but my bias remains to the downside with my overall bearish feeling of Swissy. Some impulsive levels from years earlier are attracting price action and the Franc's long term strength is really in question.

The down term trend lines are well defined with my hope of touching support by mid June. Looking for a price target of around 105.5 in July.

Daily candlestick projection:

Weekly candlestick:

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