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.
![](https://media.dailyfx.com/illustrations/2011/01/10/EURCHF_body_75745d1294668008-trend-day-eurchf-110.png)