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EURCHF continues its downward......>

EURO-SWISS TECHS
EURO-SWISS TECHS: EURCHF continues its downward spiral this week. Today has seen
price action trade through the base of a bull channel at 1.0876, drawn off the
Sep 4 low. The breach exposes support at 1.0833, Sep 25 low and the more
important level at 1.0812, Sep 4 low. Note, these supports lie just ahead of the
psychological 1.0800 handle. A breach of these various barriers would represent
and strong bearish development and signal a resumption of the 1-1/2 year
downtrend. Look for a daily close below 1.0876 to confirm a break of the channel
base. Resistance is at 1.0940.