USDCHF rises above 200 hour MA. A tilt in the short-term bias ...Middle East

With the move higher, focus now turns to the next key targets:

The 38.2% retracement of the June-July move lower, which comes in at 0.80026

As long as price holds above the 200-hour MA, the short-term bullish bias remains intact.

Support: 0.7962 (200-hour MA), 0.7930 (100-hour MA)

Resistance: 0.7986 (swing high), 0.8003 (38.2% retracement), 0.8045–0.8054 (swing zone above)

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

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