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EURCHF recently reversed up with the daily Morning Star from the support area lying between the support level 1.0870 (low of the previous wave (iv)), lower daily Bollinger Band and the support trendline of the daily up channel from September. Given the moderate bearish sentiment affecting the Swiss Franc at the moment – EURCHF is likely to remain under the bullish pressure and to rise toward the next resistance level 1.1050 (monthly high from the middle of October).
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