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Chart Of The Day: EUR/CHF

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 3, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Currently entrenched in a relatively well-defined, medium-term downtrend channel (as represented on the accompanying EUR/CHF daily chart), price has now approached the upper downtrend resistance line. Thus far within this channel, price action has been characterized by steep drops separated by intermittent consolidation zones. These consolidations are represented on the...

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