USDCHF London briefing — 2026-05-08

BIAS BEARISH — D1 structure confirms downtrend; H4/H1 EMAs aligned bearish; RSI neutral supports continuation. KEY LEVELS R: 0.78, 0.785, 0.79251 | S: 0.77662, 0.775, 0.77 NEWS 🔴 Average Hourly Earnings (MoM/YoY) — Fri 12:30 UTC 🟡 Fed's Cook speech — Fri 09:45 UTC SESSION OUTLOOK Earnings data critical for USD strength. Watch 0.78 resistance; break below 0.775 accelerates downside. PRO UNLOCKS Entry zones, SL/TP placement, FVG liquidity sweeps, Fibonacci targets — unlock with Pro subscription.

Key Levels

R: 0.78000 · 0.78500 · 0.79251

S: 0.77662 · 0.77500 · 0.77000