USDCHF London briefing — 2026-07-08

BIAS BEARISH. Daily structure bearish; H1 EMA bearish conflicts H4 neutral, but RSI 38 supports downside momentum continuation. KEY LEVELS R: 0.81, 0.81393, 0.815 | S: 0.805, 0.8, 0.79105 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 Wholesale Inventories 14:00 UTC 🟡 EIA Crude Oil Stocks 14:30 UTC SESSION OUTLOOK Low-impact data unlikely to drive sharp reversals. Watch 0.805 support hold; breach targets 0.8. Remain cautious on H4/H1 EMA divergence. PRO UNLOCKS Entry 0.8045, SL 0.8145, TP1 0.8005, TP2 0.79105, FVG

Key Levels

R: 0.81000 · 0.81393 · 0.81500

S: 0.80500 · 0.80000 · 0.79105