Market Analysis
USDCHF week ahead: what to watch for the week of 2026-08-03
USDCHF closed last week near 0.8072 after a sharp mid-week drop. Here is where the levels sit and how positioning looks into the new week.
3 min readEURUSD opened Monday at 1.1394 and closed Friday at 1.15392. That is a net gain of roughly 145 pips on the week, about 1.3 percent. The bulk of the move came midweek, when price broke through 1.1470 on Wednesday and extended toward 1.1537 on Thursday, then held those gains into Friday's close.
The event calendar in front of you is empty of scheduled high-impact releases as the week opens. That shifts the centre of gravity onto price behaviour and cross-market flows rather than a single data print. The most direct signal to track is whether last week's momentum carries or fades near the highs.
Cross-market tone is worth watching. Reports of intervention pressure in USD/JPY and a weaker PBOC reference fix for USD/CNY point to a dollar that is being pushed around on several fronts. A softer dollar backdrop would keep the euro supported. A dollar bid returning would test whether last week's break can hold. Open an LHFX account to trade EURUSD this week if you want to be positioned as the picture develops.
If price holds above last week's close near 1.1539 in early trade, the prior high at 1.15466 comes back into focus, and a clean break there opens room toward the round 1.1600 area. If the euro rejects near the highs and slips back under 1.15226, the Thursday open zone, momentum stalls and the 1.1470 shelf from Wednesday's break is back in play. A softer dollar theme spilling across the majors could show up in a correlated instrument like GBP/USD, so watch that as confirmation rather than in isolation.
Positioning sits at 52 percent long against 48 percent short. That is close to balanced, with only a slight lean toward the upside after last week's rally. A skew this flat tells you there is no crowded consensus to squeeze, so the market is more likely to take its cue from fresh flow than from stretched positioning unwinding.
Use last week's structure for reference, not as entry signals. The 1.15466 high is the first upside marker. Below price, 1.15226 marks Thursday's open and 1.14548 was Friday's low, the level that held the pullback. A move under that low would mark the first real crack in last week's advance. These are reference points for context only.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
