USD/CHF Intraday Signal: Toward 0.7940
Analysis:
USD/CHF maintains a bearish intraday tone while trading below the pivot level at 0.7960. Sellers continue to pressure the pair, targeting 0.7940 initially, with scope for extension toward 0.7930 if downside momentum accelerates.
Price action remains capped beneath resistance, and a clean break below 0.7940 would likely trigger a continuation toward 0.7930, confirming bearish follow-through. As long as price stays below 0.7960, rallies are expected to be limited.
Alternatively, a move above 0.7960 would weaken the bearish setup and expose upside levels at 0.7975 and 0.7990.
Trade Setup:
Enter: Short below 0.7960
Stop-Loss (SL): 0.7975
Target A: 0.7940
Target B: 0.7930
