USDCHF reaches and bounces of the 200 hour/day MAs ...Middle East

The rally broke above a key cluster of moving averages, including the 100-hour, 200-hour, and 200-day MAs, reaching a high of 0.8845 before pulling back during the U.S. morning and afternoon sessions.

Key Levels to Watch:

Bullish Bias Holds: If price remains above 0.88119, the short-term bias stays to the upside.Bearish Shift: A move below 0.88119, followed by a break under the 100-hour MA at 0.88018, would tilt the bias back to the downside.

The USDCHF remains in a pivotal zone, with traders watching how price reacts around these moving average levels.

This article was written by Greg Michalowski at www.forexlive.com.

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