USD/CHF Intraday Signal: Under Pressure Toward 0.7900
Analysis:
USD/CHF remains under bearish intraday pressure while trading below the pivot resistance at 0.7985. Sellers continue to cap upside attempts, favoring a decline toward 0.7920 and the key downside target at 0.7900 in extension. The market structure shows persistent lower highs beneath resistance, supporting continuation to the downside.
As long as 0.7985 acts as resistance, the probability of a move toward 0.7920 remains elevated, in line with the current bearish bias. A sustained break below 0.7920 would further validate downside momentum toward 0.7900.
Alternatively, a break above 0.7985 would weaken the bearish setup and open the path toward 0.8010 and 0.8035, where higher resistance levels are located.
Trade Setup:
Enter: Short below 0.7985
Stop-Loss (SL): 0.8010
Target A: 0.7920
Target B: 0.7900
