USDCHF opened the week below the 100 hour MA (blue line on the chart above). On Tuesday, the price moved sharply higher, reaching a 50% drop from the November 21 peak. This level is 0.93988. On Wednesday, price moved back down, briefly moving back below the 200 and 100 hour MAs (green and blue lines), but closing above the MA. on Thursday, after falling below the MA, the price rebounded and hit a new weekly high the day before the jobs report. Jobs Report and ISM Non-Manufacturing sent the pair crashing again. The price is back below the 100 hour MA at 0.9316 and the 200 hour MA at 0.9287. The lowest value was 0.9271. Thus, there were week minimums in each consecutive day (red numbered circles). On Tuesday, the peak was the highest until December 8. Then today the peak rose again before falling again on December 8th. If the price is below the hourly MA, the sellers have the „best hand” and control (below 0.92872 is close to risk – 200 hourly MA). The next targets are yesterday’s and Wednesday’s lows of 0.92597 and 0.92526. Traders then look at the extremes of the last trading month. What spoils the fun? Start above the 200 hour MA and then above the 100 hour MA. Technically, this would not be a good look for sellers.