USDCHF London briefing — 2026-05-18

BIAS BULLISH. H4 EMA confirms uptrend despite neutral RSI and D1 structure; hierarchy favors higher timeframe. KEY LEVELS R: 0.79, 0.79251, 0.795 | S: 0.785, 0.78, 0.7762 NEWS 🟡 NAHB Housing Market Index (USD) 14:00 UTC 🟡 3M/6M Bill Auctions (USD) 15:30 UTC SESSION OUTLOOK London opens near support; watch for USD strength off housing data. Bills auctions may cap upside if weak. PRO UNLOCKS Entry 0.7855 | SL 0.78420 | TP1 0.79 | TP2 0.795 | FVG 0.7840–0.7845 | Liquidity sweep S1 before reversal.

Key Levels

R: 0.79000 · 0.79251 · 0.79500

S: 0.78500 · 0.78000 · 0.77620