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 support level is near the 0.79959 mark.
This level was formed by the Bullish Harami pattern. The pattern is represented with two Japanese candles, where the second one with a smaller real body is inside the body of the first one.
The resistance level is near the 0.802 mark.
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:
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 24.8.2026
