USD/CHF Intraday Signal: 0.7730 Expected
Analysis:
USD/CHF trades with a bearish intraday bias while remaining capped below the pivot resistance at 0.7775. Sellers continue to defend this level, favoring a pullback toward 0.7730, followed by the extended downside target at 0.7715. Price action shows repeated rejection near resistance, reinforcing the downside scenario.
As long as 0.7775 acts as a ceiling, the probability of a return toward 0.7730 remains elevated. The short-term structure suggests that rebounds are likely to stay corrective unless buyers manage to reclaim the pivot decisively.
Alternatively, a sustained break above 0.7775 would invalidate the bearish setup and open the path toward 0.7790 and 0.7805, where higher resistance levels are located.
Trade Setup:
Enter: Short below 0.7775
Stop-Loss (SL): 0.7790
Target A: 0.7730
Target B: 0.7715
