USDCHF London briefing — 2026-05-20

BIAS BULLISH. D1 structure bullish, H4/H1 EMAs aligned upward, RSI overbought but price holding support. KEY LEVELS R: 0.7906, 0.795, 0.8 | S: 0.79, 0.785, 0.7762 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 EIA Crude Oil Stocks 14:30 UTC 🟡 20-Year Bond Auction 17:00 UTC SESSION OUTLOOK London open consolidates near resistance 0.7906. Watch for breakout above 0.795 on low-impact data; extended move toward 0.8 likely if momentum sustains. PRO UNLOCKS Entry 0.7912, SL 0.7885, TP1 0.795, TP2 0.8 | FVG 0

Key Levels

R: 0.79060 · 0.79500 · 0.80000

S: 0.79000 · 0.78500 · 0.77620