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EUR/CHF Drops to Key Support within Long-Term Downtrend

EUR/CHF (a daily chart of which is shown) as of Wednesday (2/23/2011) has dropped down to key support in the 1.2800 price region. This occurs after a key uptrend support line extending from the early January low was broken down in mid-February. For more EUR/CHF forex technical analysis, please click here.

James Chen, CTA, CMT