USDCHF is currently looking to target 1.2026 level again. From 1.2026 level, we might see USDCHF rising once again but currently traders will be focusing on selling USDCHF around 1.2160 level for a targets below 1.2050 level.
RSI in daily charts is just over 40 and thus has enough space for a move towards 1.2026 level and we might also see break of 1.2026 which will then setup new targets levels below 1.1900
Trade:
Sell USDCHF @ 1.2168 for Profit Level @ 1.2088 and Stop Loss @ 1.2208
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