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EURCHF Potential bullish Trend Above 0.9430

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EURCHF Potential Bullish Trend Above 0.9430

Since 11 September EURCHF has been moving in to corrective pattern The pair Has Faced Resistance Near 0.9380 on five consecutive occasions,pushing the price higher to 0.9417.

Today,the Euro is showing strength across the currency board,increasing the likelihood of reaching out resistance zone again.

A move above 0.9417 could push EUR/CHF higher to the next resistance zone at 0.9430.
If EUR/CHF manages to rise above 0.9430,we could see the initiative of a new bullish trend.

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