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EURCHF currency pair recently reversed up from the support area located between the key support level 1.03750 (former monthly high from April) and the 38.2% Fibonacci corrections of the upward impulse from the start of April. Given the clear daily uptrend and the bullish euro sentiment that can be seen across the FX markets today – EURCHF currency pair can be expected to rise further toward the next resistance level 1.05150 (top of the earlier minor impulse wave (i))).
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