USDCHF falls below 200 hour MA. EURUSD trades at new highs

Discussion in 'Technical Analysis' started by ForexLive, Sep 10, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Dollar slides The USDCHF is looking to close an hourly bar below the 200 hour MA for the first time since August 27th. The EURUSD is breaking to new day highs as dollar selling continues. The USDCHF has an earlier low at the 0.9700 level. A move below that level an then the 50% of the move up from the Sept 1 low should solicit more selling. Traders will be wanting to see a close below the 200 hour MA.

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