USDCHF London briefing — 2026-10-05

BIAS BULLISH. Daily structure, H4 EMA, and H1 fair value gaps align bullish despite H4/H1 EMA divergence and neutral RSI. KEY LEVELS R: 0.835, 0.83836, 0.84 | S: 0.83, 0.825, 0.80681 NEWS 🟡 S&P Global Composite PMI (USD) 13:45 UTC 🟡 ISM Services Employment Index 14:00 UTC SESSION OUTLOOK London opens with mild USD data. Watch PMI prints for dollar momentum; H1 FVGs offer structure confirmation into resistance.

Key Levels

R: 0.83500 · 0.83836 · 0.84000

S: 0.83000 · 0.82500 · 0.80681