Price bounced off 100 bar MA on the 4-hour earlier today
The USDCHF is testing its 200 hour MA at 0.94938. The high just reached 0.9493. We currently trade at 0.9487.
That moving average - along with an upward sloping trend line - was important late yesterday. Both were broken - turning the bias more to the downside.
The move lower today moved to the 100 bar MA on the 4-hour chart at 0.94612. That MA was tested on 3 consecutive hourly bars. Each stalled against the level and the price grinded back higher.
