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"The current market environment is principally favorable towards debt instruments in Swiss francs. The cap on the franc-euro is certainly a help and allows at least for solid planning."
- Lonza (based on Bloomberg Businessweek)
Pair's Outlook
It seems that greenback-franc cross has gained momentum as it has advanced above the 93 cent gauge. It would be reasonable to anticipate that some of the bulls will capitalize on their gains and we should see some minor dip, but overall trend should remain bullish. Bollinger band seems unlikely to ignite a sell off in the medium to long term on its own, but 55 and 200-day SMA could do so rather easily.
Traders' Sentiment
Situation in the market remains exactly the same as yesterday—74% or market participants are already long on the pair and 70% of all pending orders are set to do the same.
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