USDCHF spikes higher after US PPI, but retraces. The pair tests 100/200 hour MAs ...Middle East

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The USDCHF moved higher, and then lower after the US PPI and revisions sent the dollar buyers scurrying after seeing the revisions. The pair is back down testing the 100/200 hour MAs near 0.9072. Key level for both buyers and sellers. Break below, increases the bearish bias. Bounce off and buyers breathe a sigh of relief. This article was written by Greg Michalowski at www.forexlive.com.

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