Breach of important price line imminent by EURCHF

EURCHF is moving towards a line of 1.0485 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURCHF continues in its current trajectory, we may see it move towards 1.0485 within the next 5 hours.

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