USD/CHF Intraday Signal: Watch 0.7885 as Key Downside Level
Analysis:
USD/CHF trades with a bearish intraday bias while remaining capped below the pivot resistance at 0.7935. Price action is expected to stay choppy, but with a downward tilt, as sellers continue to defend the resistance zone. The immediate focus is on 0.7885, followed by the main downside target at 0.7870 in extension.
As long as 0.7935 acts as resistance, upside attempts are likely to be limited and corrective. The current structure favors gradual downside continuation rather than a sharp impulsive move, in line with the expectation of choppy trading conditions.
Alternatively, a sustained move above 0.7935 would weaken the bearish setup and open the path toward 0.7955 and 0.7970, where higher resistance levels are located.
Trade Setup:
Enter: Short below 0.7935
Stop-Loss (SL): 0.7955
Target A: 0.7885
Target B: 0.7870