I had this problem: (MacBook Pro 2015, iPhone 7s, Watch Series 6 44mm), Xcode 12.4, IOS 14.4, Watch OS 7.3 + slow internet)
My solution (as described in another reply) was to Be sure the watch and iPhone work..connect..communicate
de-power the watch (by holding the side button until it reboots)
Then reconnect the iPhone to the computer
Re-power the watch
Wait for the 'trust this computer' to appear ON THE WATCH!
...
Then ..after 2 days of trying everything else..from trying to find folders (that don't exists), reinstalling Xcode, re-pairing the watch, shutting down and restarting Xcode, deleting 'Derived Data', clean builds, etc etc ..and machines..etc..all to no frustrating avail.
...
Hope this helps someone else..maybe?
Topic:
Developer Tools & Services
SubTopic:
Xcode
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