Earlier fall below 200 hour MA turned buyers into sellers
The USDCHF continues to run lower printing new fresh lows on the day at 1.0138. THhe Rex target comes in at 1.0130 and then the 50% retracement of the move up from the April 12 low at 1.01157.
The pair turned more bearish today after first stalling the rally at the 100 hour MA (blue line) and next on the fall below its 200 hour MA. That 200 hour moving average has been tested a few times over the last 2 trading days. On the break, the dip buyers turned to willing sellers.
The pair is below a lower trend line at 1.0156. That is close risk for shorts now.
