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EURCHF looking to test Yesterday's high

EUR

Given some of the decent downside moves in CHF against the Dollar and the EUR Yesterday, our Tech desk note that, the strong rally yesterday reinforces the current bullish theme.

  • The cross has breached resistance at 0.9474, the Jan 22 high and a bull trigger.
  • Price has also pierced the 0.9500 handle.
  • This signals scope for an extension towards 0.9545, the Dec 14 high.

EURCHF printed a 0.95119 Yesterday (prices are according to Bloomberg), and making an attempt at that level now.

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