Price action on EUR/CHF (a daily chart of which is shown) as of Tuesday (4/12/2011) has respected key resistance around the 1.3200 price region and turned to the downside, essentially keeping the long-term downtrend that has been in place since late 2007 intact. For more technical analysis on this currency pair, please click here for Tuesday’s (4/12/2011) Chart of the Day.
James Chen, CTA, CMT
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