21:01 UTC
Uptrend resuming after mid-range pullback · RSI 58 · price 0.72475
Higher highs and higher lows since 0.6990, holding above broken 0.7210 shelf.
Multi-week structure shows higher highs and higher lows since the 0.6990 low, with the recent push through 0.7210 establishing a new swing high at 0.7277. Price pulled back to 0.7204, held above the broken shelf, and is now grinding back toward the highs — a textbook retest of the breakout. ATR(14) near 23 pips is steady, suggesting trend continuation rather than blow-off conditions.
Support: 0.7204, 0.7151, 0.7101
Resistance: 0.7277, 0.7250
What it said to watch
- H4 close above 0.7277 swing high extends the higher-high sequence
- Loss of 0.7204 swing low breaks the retest read and reopens 0.7151
- US CPI risk later in the week could materially shift this read