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 0.79399 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 0.79681.
This level was formed by the Bearish Harami pattern, which is presented with two Japanese candlesticks where the second candlestick with a smaller real body is inside the body of the first one.
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 22.1.2026
