USD/CHF Intraday Signal: Turning Down Toward 0.7995
Analysis:
USD/CHF remains under strong bearish pressure while trading below the pivot resistance at 0.8055. The immediate trend points downward, with momentum favoring further declines toward 0.8010 and 0.7995 in extension. Price continues to reject the 0.8055 zone, confirming sustained selling interest.
Momentum conditions reinforce the bearish view. Downside pressure is supported by strong momentum signals, as noted in the commentary, indicating that sellers remain firmly in control of the short-term trend. A break below 0.8010 would pave the way for a move toward 0.7995, the key downside target.
Alternatively, a breakout above 0.8055 would negate the bearish structure and allow for further upside toward 0.8070 and 0.8080.
Trade Setup:
Enter: Short below 0.8055
Stop-Loss (SL): 0.8070
Target A: 0.8010
Target B: 0.7995
