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Swiss Franc is falling after the Libor rate was cut by 1 basic point, and is pretty much close to 1.2205, the roof of the smaller channel we have been seeing these days: looking at weekly charts, we also have many important maximums and minimums @ 1.2210. Despite the pair is clearly bullish and above the daily channel roof (meaning we will see the pair continuing t o the upside in the longer term), if 1.2200 is reached, we could see some descent downwards rebound from there, in the shorter term.
