8/27/10

USDCHF gathering momentum

USDCHF seems to be gradullay heading towards 1.000 level and currently seems to be picking up the momentum. The traders will be looking to currently sell USDCHF on rise to 1.0300 level for a nice trade towards 1.0210 level. If USDCHF manages to break above 1.0300 level, then the next level, especially for long term traders will be 1.0390

  

TRADE:

Sell USDCHF @ 1.0290 for Profit Level @ 1.0215 with Stop @ 1.0430


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