One look below the MA in London session failed…
The USDCHF has been dragging above its 100 hour MA at 0.97516 level. There was one look below the level in the London session. That break failed. The move above the line is not running away (to say the least). However, stay above the MA, and the sellers that have pushed the pair lower since May 11, may start to look to lighten up a bit (i.e. buy). That could take the pair toward the 200 hour MA at 0.98297 (green line on the chart below).
Forex technical analysis: USDCHF price drags above the 100 hour MA. Trying to keep buyers in control.
