EUR/CHF

During august i will enjoy holiday in Spain. These holiday need to be paid in EUR, this is the reason why i was interested how the EUR/CHF exchange rate will move within the next weeks. Firstly it seems as EUR/CHF has changed from a up-trend into a medium term down trend. Whats more the short term up-trend since mid march 2008 broke 2 days ago. In addition the PPP of EUR/CHF is way lower at something more than 1.40, so also fundamentally the EUR seems too expensive. The following Chart leaded me to the enclosed stop levels.



Recommendation: Sell EUR/CHF.
Stop Loss: 1.6260
Take Profit: 1.5933

MUSIC Recommendation: http://www.youtube.com/watch?v=Koz13IZMTMU