However, the price restarted to break back to the downside in the US session today and that has seen the run below both MA levels. Staying below the MA would give the sellers more confidence for more downside. There is a bunch of up and down swing levels down to the Feb 21 and Feb 28 lows near 0.9149 level on further selling pressure.
A move back above the 200 day MA would have traders questioning the break and could see a snap back rally toward the 100 day MA at 0.92336 (with a move above leading to more upside momentum on the failed break).
The price has rotated back toward the broken 38.2% at 1.02155 (of the move down from the Feb high). Below that levelare swing lows between 1.01858 and 1.01938 (see red numbered circles). A move below that area would take the price of the EURCHF into the extreme lows that saw the pair tumble below 1.0000 to 0.9971 low.