EURCHF Bearish Reading

FX:EURCHF   Euro / Swiss Franc
This pair is at the horizontal support level . Is it going to hold after the sloped one has failed to do so? The strongly correlated pair has somewhat uncoupled, with the CHF getting much stronger than the EUR. This bearish trend may continue, if 1.20515 is not going to hold.
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1.20 is the Swiss intervention right.. they havent been forced to defend it for a while but only 50 odd pips from that area. Might scare away the sellers or..
A very good point, thank you, RolleV. That's why I'd be looking to take profit above 1.2, eg. 1.2020, at the bottom of this channel (or even higher). Also - it's worth paying attention to the 1.211 resistance level. :-)

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FOREXEL ForceFollower
yes I am in on this one with you, thanks for sharing )