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EUR/CHF Trades Near All-Time Low

EUR/CHF Trades Near All-Time Low

Thomas Long, Course Instructor

Last week the EUR/CHF moved down close to the all-time low just below the 1.2400 level. The series of lower highs and lower lows seen on this daily chart defines the current downtrend. I would maintain a bearish bias and continue to look for selling opportunities as long as the pair remains below the 1.3005 level noted on the chart.

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