Staying below 100 hour MA
The USDCHF fell on the flight into the safety of the CHF, but that fall in the USDCHF did have a limit. That came in against a lower trend line. On the way down the pair fell below the 100 hour MA at 0.96799 , the 100 day MA at 0.96646 and the 200 hour MA (green line at 0.96509) before the trend line.
The price has retraced back to the 100 hour MA at the 0.96799, but has traded mostly above the 100 day MA at 0.96646 over the last few hours.
That says to me, sell against the 100 hour MA but get me below that 100 day MA (and stay below). That is the start, the 200 hour MA and trend line are targets to get to and through also, but below the 100 day MA is step 1.
