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EURCHF currency pair recently reversed down from the resistance zone lying between the key resistance level 0.99450 (former support from the end of June), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse (v) from the start of July. Given the clear daily downtrend and the powerful bearish euro sentiment seen across the currency markets today, EURCHF currency pair can then be expected to fall further toward the next support levels 0.98000 and 0.97600.
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