During the previous trading session, the positive dynamics of the USDCHF movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The nearest support is set at the 0.78775 mark.
The level was formed by the Three White Soldiers pattern. This pattern consists of three consecutive white long-bodied Japanese candlesticks that open inside the real body of the previous candle and close above its closing. The probability of a reversal forming when this pattern appears is about 80%.
The nearest resistance is set at the 0.80981 mark.
The Bearish Engulfing pattern formed this level. It consists of two Japanese candles: the first candle is located inside the body of the second candle.
Trading recommendations:
The upward dynamics prevail on a longer time period, but the short positions should be prioritized during the day because the latest signal suggests a dominant downward movement.
USDCHF H1: The Price Action Forecast for the European Session on 24.11.2025
