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EURCHF Bull Cycle Remains In Play

  • EURCHF is holding on to the bulk of its recent gains and short-term trend signals highlight potential for a continuation of the bull cycle near-term.
  • Price has managed to clear resistance at the 0.9400 handle and has most recently traded above the 50-day EMA, at 0.9444.
  • This signals potential for a climb towards 0.9500 and the next key resistance at 0.9545, the Dec 14 high.
  • Initial support to watch is 0.9394, the 20-day EMA.

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