USD/CHF Turns At 0.79735

Research preview

Risk And Invalidation Risk remains level-led. The invalidation level matters more than the headline bias; reduce size around data releases and avoid treating the first reaction as confirmation without a retest. USDCHF News And Catalyst Brief The catalyst mix is narrower than it first looks around macro catalysts. USDCHF has a balanced headline read, with macro headlines setting the volatility backdrop. Final bias: neutral until price accepts a level outside the current pivot range. For the trade plan, the news gives direction of risk while the chart decides whether that risk is tradable. Eurozone construction output (m/m) june: 1.3% (prev 0.4%; prev r 0.2%) – construction output (y/y): -0.7% (prev...