USDCHF London briefing — 2026-07-31

BIAS BEARISH. H1 EMA bearish; RSI 33 neutral-to-weak; D1 neutral structure offers no support for upside conviction. KEY LEVELS R: 0.81, 0.815, 0.82072 | S: 0.805, 0.80349, 0.8 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Michigan Consumer Expectations (USD) 14:00 UTC SESSION OUTLOOK Three medium-impact US data prints cluster 12:30–14:00. Expect volatility; watch for USD strength reaction into resistance or breakdown toward 0.805 support.

Key Levels

R: 0.81000 · 0.81500 · 0.82072

S: 0.80500 · 0.80349 · 0.80000