Forex technical analysis: USDCHF falls below 100 hour MA and 50%

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Correcting the move higher The USDCHF is making a break below the 100 hour MA and the 50% of the move up from last weeks lows. The pair has moving higher since the December low against the 100 day MA (see blue line in the daily chart below). If the sellers can remain in control the 1.01259 area is a key "line in the sand" for the pair (see chart below). Be aware.

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