USDCHF London briefing — 2026-07-20

BIAS BEARISH. H1 EMA bearish + RSI neutral (44.52) confirm downside bias, despite H4 neutral and D1 structure lacking directional conviction. KEY LEVELS R: 0.81, 0.815, 0.81514 | S: 0.805, 0.801, 0.8 NEWS 🟡 3-Month & 6-Month Bill Auctions (USD) – Mon 20 Jul 15:30 UTC 🟡 Exports MoM (CHF) – Tue 21 Jul 06:00 UTC SESSION OUTLOOK London session may test 0.805 support. Bill auctions could trigger USD volatility; watch for rejection at 0.81. PRO UNLOCKS Entry structure, micro stops, FVG sweep levels, Fib retracements 0.618/0.786 — unlock with Pro.

Key Levels

R: 0.81000 · 0.81500 · 0.81514

S: 0.80500 · 0.80100 · 0.80000