USDCHF tries to take a step lower and fails. ...Middle East

The move to the downside from a technical perspective saw the price move below its 100 hour moving average (blue line on the chart below). However, that move was quickly reversed and the next time the price tested the 100-hour moving average buyers leaned against the level pushing the price back to the upside.

Going forward, it would take a move below that 100-hour moving average and staying below that level and then a break below the 200 hour moving average at 0.9112, to increase the bearish bias. Find out about it in the video above.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about usdchf tries to take a step lower and fails was published today ( Tuesday 14/01/2025 - 06:23 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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