Swiss Franc futures dropped as it was forecasted. I think the decline is not over yet. We can see a small rally followed by the next wave down. The 1.0700 range was strong resistance and there is a big chance it will be tested again. Commercials are still short this market, seasonal tendency is to the downside. However, Insider Accumulation is turning neutral from bearish. With that in mind and a bit more cautious, we want to look for and take sell signals. Besides, Wyckoff distribution is in the process and we still can make money shorting Swiss Franc futures.
