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EUR/CHF Classcal 14/10/2010

EURCHF_Classcal_14102010

EUR/CHF:  The market could finally have found a major base by the recently set record lows at 1.2765, with weekly and monthly studies finally starting to correct. The cross has finally managed a close back above some major falling trend-line resistance from May to further encourage the prospects for a shift in the trend and additional recovery over the coming weeks. Next key resistance comes in by 1.3680, while setbacks should be very well supported in the 1.3200 area.

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