USDCHF touched its target at 1.2026 and currently taking some retrace towards 1.2200 level. Most traders will look to sell USDCHF on rise above 1.2200 level and initial targets around 1.2025 level. Break of 1.2025 level will set 1.1895 as next target level for USDCHF.
The RSI is a bit on the lower side and with retracement it will further open up and thus the chances the break of 1.2025 level becomes more probable.
Trade:
Sell USDCHF @ 1.2203 for Profit Level @ 1.2123 and Stop Loss @ 1.2243
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