Thursday, December 4, 2008

USDCHF (1.2107)

USDCHF is moving nicely in its upward trend and at the moment is looking to target 1.2200 level.

Currently a good buy can be seen at dips to 1.2050 level for intial target at 1.2150 level which can be extend to 1.2225 level.

The RSI is at 59 in daily charts and thus seems to have more than enough space to move towards 1.2200 level.


Recommended Trade Levels
Trade 1: Buy USDCHF @ 1.2050
Trade 2: Buy USDCHF @ 1.1950
Profit Target 1: 1.2150
Profit Target 2: 1.2225

1 comment:

Umar Farooq said...

Trade executed and both Profit levels filled.