Forex Trading - EUR/CHF Moving Averages Converging

Examining the Euro Swissy pair we notice that after a retest of recent lows (highlighted below), the pair seems to have some upward momentum. With the 55 hour moving average attempting to cross above the 200 hour moving average now, a break of the 38.2% retracement level could lead toward the 50% retracement and more resistance at the 1.6230 range.