Breach of support line imminent by EURCHF

EURCHF is moving towards the support line of a Rectangle which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURCHF continues in its current trajectory, we can expect it to reach 1.1239 within the next 9 hours.

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