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 current support level is in the area of the 0.80692 mark.
This level was formed by the Bullish Engulfing pattern. The pattern consists of two candles: the first one is inside the body of the second one, which is much larger. The second candle completely engulfs the first one.
The current resistance level is at the 0.80879 mark.
This level was formed by the Evening Star pattern. This pattern consists of three Japanese candlesticks: the first candle has a long white real body, the second candle is a doji with a small real body, and the third candle has a long black real body. The third candle opens below the close of the second candle and closes below the first candle.
Trading recommendations:
The latest signal on the chart indicates the prevalence of the long positions. This signal is valid, until the other pattern is formed.
USDCHF H1: The Price Action Forecast for the European Session on 20.7.2026
