USD/CHF Intraday Signal: Pullback Toward 0.7700
USD/CHF has rallied from the 0.7700 demand zone and recently tapped a weak high near 0.7850, where price is beginning to show signs of exhaustion. The move appears corrective within a broader bearish structure, as the pair remains capped below the surrounding supply clusters. As long as price holds below 0.7850, downside pressure is likely to re-emerge.
Immediate support sits near 0.7700, which aligns with the recent demand block and prior liquidity pool. A break below this level could accelerate the decline toward 0.7600. Only a sustained breakout above 0.7850 would invalidate the bearish scenario and expose the next resistance near 0.7950.
Trade Setup:
Enter: Short below 0.7850
Stop-Loss (SL): 0.7900
Target A: 0.7700
Target B: 0.7600