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USDCHF Potential For Bullish Rise

On H4, with the price moving above the ascending trendlien and ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1.00757, which is in line with the previous swing high to the take profit at 1.03277, where the 200% fibonacci projection are. Alternatively, the price may drop to the stop loss at 0.99010, where the 38.2% fibonacci retracement is.

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