Every read JAFX AI made on the EUR/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:01 UTC
Multi-month downtrend, sharp recovery underway · RSI 64 · price 1.1539
Based out of July lows, five up sessions reclaiming range.
EURUSD spent April-June in a steady downtrend from the 1.1849 peak into a 1.1325 base carved through late June and July. The last five sessions have staged a sharp recovery back above 1.15, a move the digest attributes to broad USD softness rather than EUR strength. Price is now stalling into the 1.1565 resistance shelf that has repeatedly capped this rally.
Support: 1.1500, 1.1455, 1.1355
Resistance: 1.1565
What it said to watch
- Repeated failure at 1.1565 flags a USD-driven, exhaustion-prone rally
- A daily close back below 1.15 floor and then 1.1455 pivot undermines the recovery
- EZ Services/Composite PMI Wed and ADP/ISM Services same day, plus Friday NFP, could reshape this read
21:01 UTC
Multi-month downtrend reversing, sharp recovery · RSI 66 · price 1.1539
Double-bottom base, testing multi-week resistance.
The multi-month decline from the April peak at 1.1848 bottomed near 1.1324 in June, with a matching low in late July forming a double-bottom base. A sharp five-session rally, driven by broad USD softness, has lifted price back above EMA(50) to test the 1.1556/1.1565 shelf. RSI on D1 has cycled up toward overbought without tagging 70, and the advance stalls just under multi-week resistance.
Support: 1.1455, 1.1367, 1.1324
Resistance: 1.1565, 1.1600
What it said to watch
- Daily close above 1.1565 opens the path to 1.1600
- Failure to hold 1.1455 pivot undermines the recovery
- US ADP/ISM Services Wed and NFP Fri could reset the USD read driving this move