USDCHF is looking to rise towards 1.2190 level and after doing so, it is expected to resume its long term downward trend and its initial target would be at 1.2026. Break of 1.2026 will set 1.1895 as next target for USDCHF.
One reason for rise of USDCHF was its over-sold RSI and with rise towards 1.2190, it would set itself up nicely to challenge 1.2026 level.
Trade:
Sell USDCHF @ 1.2190 for Profit Level @ 1.2110 and Stop Loss @ 1.2230
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