USD/CHF Intraday Signal: Targeting 0.7900 as Downside Momentum Builds
USD/CHF remains under bearish pressure while trading below the pivot level at 0.7945. Sellers are controlling the intraday structure, aiming for the next downside targets at 0.7900 and 0.7880 in extension. The break below the 0.7945 resistance zone has reinforced short-term weakness, suggesting further declines are likely if 0.7900 gives way.
Price action confirms bearish alignment, with short-term moving averages pointing lower. Momentum indicators also support the downside bias, showing weak buying attempts and persistent selling interest. A confirmed move below 0.7900 would accelerate the decline toward 0.7880, marking the next key support area.
Alternatively, a recovery above 0.7945 would neutralize the bearish bias and open the way toward 0.7960 and 0.7985 before new sellers appear. For now, the intraday setup favors selling rallies below the pivot.
Trade Setup:
Enter: Short below 0.7945
Stop-Loss (SL): 0.7960
Target A: 0.7900
Target B: 0.7880
