22:05 UTC
Downtrend since September, flattening into a base · RSI 40 · price 0.6944
Lower highs from Sep 9 peak; 0.6894–0.7068 range since early October.
Lower highs remain intact since the 0.7237 Sep 9 peak. The decline has based between the 0.6903 and 0.6894 October lows, and the Oct 29 rebound stalled at 0.7068, a lower high at the 50% retracement of the Sep–Oct decline. Thursday's 81-pip bar erased the post-midterm USD-slump bounce as firm US labour data lifted the dollar, closing at 0.6944 below the 0.6954 12-day low and back under the 0.7000 psych/ema20 area, with a falling EMA50 near 0.7035 overhead and price sitting just above the base lows around 0.6932.
Support: 0.6932, 0.6894
Resistance: 0.7000, 0.7068, 0.7140
What it said to watch
- US NFP Fri Nov 6 13:30 UTC (f/c 65K) could materially shift this read
- Daily close below the 0.6894 swing low extends the lower-low chain and resumes the September downtrend
- Daily close back above 0.7000 psych/ema20 returns price to the upper half of the range
- Daily close above the 0.7068 lower high breaks the lower-highs sequence and opens the path to the 0.7140 sept high (Sep 21)