USDCHF London briefing — 2026-05-12

BIAS BEARISH — D1 structure confirms downside despite neutral intraday EMAs; RSI 61.74 resists overbuy extremes. KEY LEVELS R: 0.785, 0.79, 0.79251 | S: 0.78, 0.7762, 0.775 NEWS 🔴 Consumer Price Index MoM — 12:30 UTC 🟡 ADP Employment Change — 12:15 UTC 🟡 NFIB Business Optimism — 10:00 UTC SESSION OUTLOOK CPI release may spark USD volatility; watch 0.785 resistance rejection into London close. Bears targeting 0.78 support hold. PRO UNLOCKS Entry 0.7795, SL 0.7915, TP1 0.7762, TP2 0.775, FVG 0.782–0.7

Key Levels

R: 0.78500 · 0.79000 · 0.79251

S: 0.78000 · 0.77620 · 0.77500