USDCHF trades to new session lows. Looks toward 38.2% of the move up from the March low

In the above video, I spend a couple of minutes outlining the key technical levels in play for the USDCHF to start the trading day in the US.

Sellers are pushing to new lows after the 100-hour moving average stalled the rise in the Europe morning session. The 38.2% retracement is next key target on the downside. That level comes in at 0.9034. Move below that level and sellers start to gain more traction technically.

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