Volatile up and down day
Traders got a little tired buying the JPY and the USD, so they went to another safe haven - the CHF over the last 3 or 4 hours.
Looking at the 4-hour chart, the price high today, reached up to the 100 bar MA on the 4-hour chart at 0.99814 (blue line in the chart above). The price stalled and then started the rotation back down.
The pair is trading at 0.9918 currently and that takes the price below the London session low at 0.9920. So the lap higher and lower complete.
US S&P is trading at lows down -1.40%. The Nasdaq is down -0.86%.
The markets are searching for the safe havens and the CHF is the latest place for funds.
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