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EUR/CHF Remains Bearish

EUR/CHF Remains Bearish

Thomas Long, Course Instructor

This daily chart of the EUR/CHF shows a series of lower highs and lower lows which defines a downtrend. This pair just printed an all-time low within the last week, so any moves up should be considered selling opportunities instead of the beginning of a trend change. I would maintain a bearish bias as long as the pair remains below the December 8th high of 1.31037.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.