Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Forex Trading Technical Analysis (2010/08/12) EUR/CHF Breaks Down Channel

EUR/CHF (a 4-hour chart of which is shown) as of Thursday (8/12/2010) has broken down swiftly below a parallel uptrend channel extending from the late June low. This channel breakdown, which has established almost a 3-week low, went on further to break down tentatively below key support in the 1.3500 price region. For more EUR/CHF technical analysis, please click here.

James Chen, CTA, CMT