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Forex Trading Technical Analysis (2010/10/04) EUR/CHF Bearish Retracement Within Uptrend

EUR/CHF (a 4-hour chart of which is shown) as of Monday (10/04/2010) has made a bearish retracement after about a week of generally bullish price action and within the context of a parallel uptrend channel extending from the early September lows around 1.2765. The current bearish retracement began during early Monday trading. For more EUR/CHF forex technical analysis, please click here.

James Chen, CTA, CMT