USDCHF London briefing — 2026-10-07

BIAS BULLISH. Daily structure + H4/H1 EMA alignment + H1 fair value gaps drive upside conviction despite H4 FVG headwinds. KEY LEVELS R: 0.835, 0.83836, 0.84 | S: 0.83, 0.825, 0.80846 NEWS 🟡 Foreign Currency Reserves (CHF) 07:00 UTC 🟡 MBA Mortgage Applications (USD) 11:00 UTC 🟡 EIA Crude Oil Stocks (USD) 14:30 UTC SESSION OUTLOOK London opens into resistance cluster 0.835–0.84. Watch H1 FVG utilization; low-impact data allows trend continuation focus.

Key Levels

R: 0.83500 · 0.83836 · 0.84000

S: 0.83000 · 0.82500 · 0.80846