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EURCHF Key Resistance Exposed

EURCHF yesterday traded close to the 1.0900 handle yesterday.

  • There is a key resistance to note at 1.0916, high Jun 5.
  • If cleared this would strengthen a bullish case and confirm a resumption of the broader recovery that started mid-May.
  • A break would signal scope for a climb towards the 1.1000 handle further out and 1.1078, 38.2% retracement of the 2018 - 2020 downtrend.
  • Key support lies at 1.0661, Jun 11 low. Initial firm support is at 1.0737, the Dec 11 low.

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