USD/CHF Intraday Signal: Bullish Momentum Holds Above 0.7970
The USD/CHF pair is trading with a bullish intraday bias while holding above the pivot level at 0.7970. A solid support base has formed around this zone, allowing the market to stabilize and attract renewed buying interest. As long as price remains above 0.7970, the outlook favors continuation toward resistance targets at 0.8005 and 0.8020.
Momentum indicators align with the bullish scenario — price is showing stability after recent consolidation, and short-term structure suggests growing demand above the pivot base. A clear breakout above 0.8005 would strengthen the bullish extension toward 0.8020, confirming the continuation of upward momentum.
Alternatively, a decline below 0.7970 would shift focus to 0.7955 and 0.7940, where buyers may attempt to re-enter. Until then, the short-term trend remains positive.
Trade Setup:
Enter: Long above 0.7970
Stop-Loss (SL): 0.7955
Target A: 0.8005
Target B: 0.8020
