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Trend of the Day: EUR/CHF

By Gregory McLeod,
08 December 2008 06:01 GMT

EURCHF is setting up nicely in a classic up trend. We have a break of the daily downtrend line and this move is confirmed by higher swing highs and a higher swing lows. The EURCHF price action forms a classic rising trend channel. Look for the 1.6000 area to be challenged in the coming days.

Gregs trend for the day 12.08.2008  EURCHF

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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08 December 2008 06:01 GMT