Price is back above floor between 0.92127 and 0.9222
The USDCHF tested then broke below a floor between 0.92127 and 0.9222. That rate to lead to selling down to a low today of 0.9186, The low got below a swing high going back to early March at 0.91939 (see 4-hour chart below), but could not reach the 50% midpoint of the move up from the February 16 low at 0.91714.
The price has rebounded back to the upside, and trades back above the old floor. That has sellers on the break covering as the break failed, and the biases tilted more to the upside above that swing area/old floor.
If the 0.92127 is rebroken, bearish tilt.
If the 100 hour MA at 0.9236 is broken, more bullish tilt.
It sucks that the break below the floor did not run further but that is trading.