Above the 100 hour MA
The USDCHF is making a bullish play with a run above the 100 hour MA, 38.2% retracement and swing area at 1.0049-509.
Is the pair running?
The high reached 1.00617 which was near the high from yesterday at 1.00619, which is a bit of a disappointment for the buyers/bulls. Bulls would have liked to get above. Asit is there is a double top ceiling now at the level, and a target to get above now for the bulls.
Nevertheless, on the downside, if the 100 hour MA (blue line) and 38.2% can hold on a retest, the buyers can cling to more control today.
The levels are clear. Can the buyers keep the advantage?
