USDCHF London briefing — 2026-08-19

BIAS BEARISH — H1 EMA bearish with RSI neutral-to-weak (41.51) and daily structure holding; H4 neutral divergence warns caution but lower timeframe lean is down. KEY LEVELS R: 0.81476, 0.815, 0.82 | S: 0.81, 0.805, 0.80468 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil & Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK Watch 0.81 hold as pivot. Low-impact data keeps volatility capped; downside requires break below 0.805 to confirm continuation.

Key Levels

R: 0.81476 · 0.81500 · 0.82000

S: 0.81000 · 0.80500 · 0.80468