USDCHF looks to test key 200 day MA: bullish or bearish bias? ...Middle East

The USDCHF moved higher into the US session with the 0.89318 as a target followed by the 100 and 200 hour MAs (blue and green lines near 0.8939). The 0.89318 was defined by the swing lows from Thursday last week and Asian Session lows on Friday.That level was tested today on the move higher in the early US session, but stalled right at the swing level. THe last 5-6 hours has seen a run back to the downside and is approaching the 200 day MA at 0.88966. That MA has been breached a number of times going back to early June with limited success before the price bounced back higher (see red shaded areas on the chart above). Although there is a number of risks on the break of the 200 day MA it r

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USDCHF looks to test key 200 day MA: bullish or bearish bias? ...Middle East

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