USDCHF London briefing — 2026-08-26

BIAS BEARISH. H4 EMA bearish conflicts with D1 bullish structure; RSI neutral at 56 offers no conviction, but lower timeframe momentum favors sellers into resistance. KEY LEVELS R: 0.805, 0.81, 0.81476 | S: 0.8, 0.795 NEWS 🟡 ZEW Survey – Expectations (CHF) 08:00 UTC 🔴 Core PCE MoM (USD) 12:30 UTC SESSION OUTLOOK London opens with ZEW; watch if CHF strength stalls into Core PCE. Resistance 0.805 is immediate friction; break below 0.8 opens lower targets.

Key Levels

R: 0.80500 · 0.81000 · 0.81476

S: 0.80000 · 0.79500 · 0.79500