USDCHF London briefing — 2026-08-21

BIAS BEARISH. H4/H1 EMAs aligned downside; D1 structure bearish; RSI 33.3 neutral but price sitting on support rejection zone. KEY LEVELS R: 0.805, 0.81, 0.81476 | S: 0.8, 0.795 NEWS 🔴 S&P Global Manufacturing PMI (USD) 13:45 UTC 🔴 S&P Global Services PMI (USD) 13:45 UTC 🟡 S&P Global Composite PMI (USD) 13:45 UTC SESSION OUTLOOK PMI prints drive USD volatility into London close. Watch 0.8 support; break below targets 0.795 on bearish follow-through.

Key Levels

R: 0.80500 · 0.81000 · 0.81476

S: 0.80000 · 0.79500 · 0.79500