Core Viewpoint - December Swiss franc futures are presenting a selling opportunity due to ongoing price weakness and bearish technical indicators [1][2]. Technical Analysis - Prices for December Swiss franc futures are trending lower, recently hitting a nine-week low [1]. - The MACD indicator shows a bearish posture, with the blue MACD line below the red trigger line, indicating that bears have a near-term technical advantage [1]. - A move below the support level of 1.2473 would signal a selling opportunity, with a downside price objective of 1.2000 or lower [2]. Fundamental Factors - U.S. tariffs on Swiss exports have created uncertainty, negatively impacting the Swiss currency and economy [2]. - Switzerland is experiencing slow growth and very low inflation, which is bordering on deflation [2]. - Technical resistance is identified at 1.2685, where a protective buy stop should be placed [2].