During the previous trading session, the price of USDCHF decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The closest support to the price is at the 0.77655 mark.
This level is formed due to the appearance of the Pin Bar pattern. This pattern is represented with a candle with a small real body and a long lower shadow. This pattern is quite common at strong support levels.
The nearest resistance level is at the level of the 0.77917.
The level was formed by the Shooting Star pattern. This pattern is a single candlestick which is composed of a small real body and a long upper shadow. This pattern is usually called “Pin Bar” by traders.
Trading recommendations:
Despite the downward dynamics prevail on a higher time-frame, the long position should be prioritized intraday. The latest signal on the chart indicates the prevalence of the upward movement intraday.
USDCHF H1: The Price Action Forecast for the European Session on 11.3.2026
