USDCHF London briefing — 2026-05-11

BIAS BEARISH. D1 structure dominates; H4 EMA confirms downside despite H1 neutrality and RSI mid-range positioning. KEY LEVELS R: 0.78, 0.785, 0.79251 | S: 0.7762, 0.775, 0.77 NEWS 🟡 Existing Home Sales Change (MoM) – Mon 11 May, 14:00 UTC 🟡 Existing Home Sales (MoM) – Mon 11 May, 14:00 UTC 🔴 3-Month Bill Auction – Mon 11 May, 15:30 UTC SESSION OUTLOOK London opens with weak housing data; USD weakness expected early. Bill auction at 15:30 could trigger volatility into European close. Watch 0.7762 support hold for continuation. PRO UNLOCKS Entry, SL, TP1,

Key Levels

R: 0.78000 · 0.78500 · 0.79251

S: 0.77620 · 0.77500 · 0.77000