The EUR/CHF pair fell on Friday, but still remains above the Swiss National Bank’s official line in the sand at 1.20. The 200-day moving average did repel this pair, so unlike the USD/CHF – this pair is still technically in an adown trend according to some schools of technical analysis. The pair looks like it wants to fall, but the biggest thing you can learn from this chart is just how weak the Euro really is, as it is one of the few currencies to lose value against the Franc. We want to buy, but until Europe can get through the debt crisis – this pair is better left alone.
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