EUR/USD, EUR/CHF Chart Watch 7/6/2011 (Euro, Dollar, Swiss Franc)

Below are EUR/USD and EUR/CHF short and long term symmetrical triangles, descending channels and support levels to watch (charts courtesy of In my opinion, 1.43 (or 1.42816 is the 11/2010 blow off top) is a very important support level to hold. If it busts through that level, EUR/USD could test the first and second symmetrical triangle support levels. If you look at the long term chart though, you will see that EUR/USD is still in a rising trend. Watch out for interventions by central banks like China. EUR/CHF is in a nasty downtrend and 1.18 is the recent low. See more charts after the jump (click for larger view).

Charts from

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