Both moving back above MA levesl
Earlier this week, the EURCHF was sitting on a floor around the 1.0680 level. The lows in November were at 1.0684. The lows earlier this week reached as low at 1.0678. Those were all low extremes going back to August 2015 (sans the Brexit fallout day).
The pair started to recover yesterday with a high of 1.0729 and close at 1.0703. Today, the pair has moved higher and is now trading back above the 200 hour MA at 1.0719. Admittedly the price has been above and below that 200 hour MA in trading today but
Meanwhile, in the USDCHF, there has been a push above the 100 hour MA after spending most of the last few days trading above the 200 hour MA below (at 1.02389 ) and below the 100 hour MA above (at 1.0265). Like the EURCHF, the price moved above the 100 hour MA earlier only to back off. This is the 2nd look. We are currently back down testing that line.
Longer term for the USDCHF, it has moved higher with the USDs strength since Trump. It trades near the 2015 high. The EURCHF is a different story. Will the SNB tolerate of a wander lower? To a point but I am sure they prefer the breathing room off that 1.0680 level.