USDCHF London briefing — 2026-05-29

BIAS BEARISH. D1 structure dominates; RSI neutral but price trapped below 0.785 resistance suggests downside bias into London. KEY LEVELS R: 0.785, 0.79, 0.79078 | S: 0.78, 0.77665, 0.775 NEWS 🟡 Fed's Schmid speech 10:50 UTC 🟡 Goods Trade Balance 12:30 UTC 🟡 Wholesale Inventories 12:30 UTC SESSION OUTLOOK Schmid speech could spark USD volatility. Watch 0.785 rejection; break below 0.78 confirms bearish continuation into London close. PRO UNLOCKS Entry 0.784, SL 0.7865, TP1 0.7775, TP2 0.7750, FVG 0.7820–0.7840, liquidity sweep

Key Levels

R: 0.78500 · 0.79000 · 0.79078

S: 0.78000 · 0.77665 · 0.77500