FXstreet.com (Barcelona) - The Dollar / Swiss Franc retreated on profit taking yesterday after its four day rally, Cornelius Luca, economist at Global Forex Trading, affirms: Dollar/Swiss pulled back on profit taking on Monday after rallying for four days but got stuck in an inside range. A bottom in now in place and more strength is likely in the medium term. But the initial risk is down. On resistance and support levels, Lucca adverts: Immediate support is at 1.1210. Below 1.1150, support is pegged at 1.1100. The next support is at 1.1025. Initial resistance is at 1.1330. Above 1.1400, there is resistance at 1.1530.
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