EUR/CHF Technical Analysis for the Week of July 25, 2011

EUR/CHF rose this past week, but failed just above the 1.18 level. It should also be mentioned that the Friday candle was a shooting star, so it appears that there is trouble ahead for this pair. This isn’t a surprise, just look at the last 4 years or so. The down trend is intact, and shows no real signs of slowing down. A break of the lows on Friday gets us selling again.

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