Price action on EUR/CHF (a 4-hour chart of which is shown) as of Monday (10/04/2010) has made a bearish retracement after about a week of generally bullish price action and within the context of a parallel uptrend channel extending from the early September lows around 1.2765. The current bearish retracement began during early Monday trading. For more technical analysis on this currency pair, please click here for Monday’s (10/04/2010) Chart of the Day.
James Chen, CTA, CMT
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