Price action on EUR/CHF (a daily chart of which is shown) as of Thursday (2/17/2011) has broken down below a key short-term uptrend support line extending from the early January low. This trendline breakdown occurs within the context of a long-term downtrend. For more technical analysis on this currency pair, please click here for Thursday’s (2/17/2011) Chart of the Day.
James Chen, CTA, CMT
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