Back below the 200 day MA
The USDCHF moved back below the 200 day MA at 0.99535 and then a lower trend line on the hourly chart at 0.9942 currently. That is close risk now for sellers. Stay below keeps the intraday bias to the downside.
Those breaks have led to a move lower toward the 100 hour MA at 0.99309. The low for the day reached 0.99327. There have been buyers against the MA on the first look and the price is moving back toward the underside of the broken trend line.
A retest of the break will check to see if the sellers want to keep in control. A move above would muddy the bearish intraday waters, but for the buyers agaisnt the 100 hour MA.....well they would be encouraged (at least for now).
