EUR/USD AI Live Scan, 4-hour chart, Tuesday, 3 November 2026
Every read JAFX AI made on the EUR/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:01 UTC
Recovering off the 1.1104 low, momentum stalling · RSI 56 · price 1.11901
Higher lows since 1.1104; compressing below lower highs.
Three weeks of decline from the 1.1260 prior high bottomed at the 1.1104 window low. Since then the pair has put in a higher low at 1.1136 and a higher high at the 1.1237 week high. Price is now consolidating between a range floor at 1.1175, which coincides with the rising support line, and a run of lower highs capping near 1.1206, holding just above the 38.2% fib of the 1.1104–1.1237 swing. ATR(14) near 24 pips is contracting with EMA20 above EMA50. December ECB hike pricing has cushioned EUR after the Oct 30 HICP miss, while firm US data has capped rebounds.
Support: 1.1175, 1.1136, 1.1104
Resistance: 1.1206, 1.1237, 1.1260
What it said to watch
H4 close below the 1.1175 range floor breaks rising support and exposes the 1.1136 higher low, then the 1.1104 window low
H4 close above the 1.1206 lower highs reopens the 1.1237 week high and the 1.1260 prior high
US midterm results overnight and Wed 10:00 GMT flash HICP (f/c 4.0% y/y) could materially shift this read
Higher lows since 1.1104; compressing below lower highs.
Higher-low structure has held since the 1.1104 swing low. The 1.1136 higher low and Monday's 1.1237 high extended the recovery, but price has since compressed into a consolidation. The range floor at 1.1175, sitting on rising support, has been retested three times, while lower highs near 1.1206 cap the topside, and price is holding just above the 38.2% retracement of the 1.1104-1.1237 swing. ATR(14) has eased to about 27 pips and RSI sits near 50, with price only marginally above EMA20, matching EUR's two-way tone around the 1.1200 pivot ahead of the US midterms and Wednesday's flash HICP.
Support: 1.1175, 1.1136, 1.1104
Resistance: 1.1206, 1.1237, 1.1260
What it said to watch
H4 close below the 1.1175 range floor breaks rising support and exposes the 1.1136 higher low
Close above the 1.1206 lower high ends the compression and reopens the 1.1237 Monday high, with the 1.1260 prior high beyond
Loss of 1.1136 would undo the higher-low sequence and put the 1.1104 swing low back in play
US midterm results overnight and Wed flash HICP (f/c 4.0% YoY, core 2.5%) could materially shift this read
14:01 UTC
Rebound from window low, pulling back below 1.1200 · RSI 47 · price 1.11788
Higher highs and higher lows since the 1.1104 false break; pullback into 50% fib.
The slide from the 1.1260 prior high bottomed with a false break to the 1.1104 window low. Since then the pair has printed higher highs and higher lows up to the 1.1237 swing high, where it met rejection on the attempt above the 1.12 pivot. Price is now retracing toward the 50% fib near 1.1170, below EMA20 but above EMA50. EUR remains capped below 1.1200 as the soft national HICP undershot pared the ECB premium, and ATR(14) near 28 pips shows compression into event risk.
Support: 1.1170, 1.1149, 1.1104
Resistance: 1.1200, 1.1237, 1.1260
What it said to watch
H4 close below the 1.1149 swing low breaks the higher-low sequence and exposes the 1.1104 window low
Close back above the 1.12 pivot and then the 1.1237 swing high extends higher highs toward the 1.1260 prior high
Eurozone flash HICP Wed 10:00 UTC (f/c 4.0% y/y) could materially shift this read
US midterm results from ~23:00 UTC tonight could materially shift this read
Loss of the 50% fib with an H4 close below the higher-lows trendline points to a deeper retracement
Higher highs and higher lows since the 1.1104 false break, inside a 1.1104–1.1260 range.
The late-October slide ended with a false break to the 1.1104 window low that was reclaimed straight away. Since then the pair has printed higher lows at 1.1136 and 1.1177, the swing low that held near the 38.2% retracement of the 1.1104–1.1237 leg, and price now sits back above 1.1200 with both EMAs below. ATR(14) near 28 pips is moderate and not compressing, while the 1.1237 recent high and 1.1260 prior high mark the top of the three-week range, where the digest notes supply clustering at 1.1200–1.1250 against a softer USD tone.
Support: 1.11767, 1.11361, 1.11042
Resistance: 1.12366, 1.12603
What it said to watch
H4 close below the 1.1177 swing low breaks the higher-low sequence and exposes the 1.1136 higher low
Acceptance above the 1.1237 recent high opens a test of the 1.1260 prior high, the range ceiling
Loss of the 1.1104 window low would negate the false-break read
EZ flash HICP Wed 10:00 UTC (f/c 3.9%) and overnight US midterm results could materially shift this read
Higher highs and higher lows since the 1.1104 swing low, capped beneath the 1.1237–1.1260 lower-high line.
After the slide from the 1.1260 range top, the pair swept below the late-October base to a 1.1104 swing low, then built higher lows at 1.1136 and pushed through the 1.1214 prior high to a 1.1237 swing high. That high sits on the lower-high line from the range top and drew a rejection, with price now back near the 38.2% retracement of the recovery and the recent low at 1.1177 holding. ATR(14) near 29 pips is compressed from the late-October expansion, while RSI is flat around 49 and price sits only marginally above EMA20 as EUR stays heavy on France stress and Fed-hike bets ahead of Wednesday's HICP.
Support: 1.1177, 1.1136, 1.1104
Resistance: 1.1214, 1.1237, 1.1260
What it said to watch
H4 close back above the 1.1214 prior high and then the 1.1237 swing high would break the lower-high line and expose the 1.1260 range top
Failure to hold the 1.1177 recent low opens the 50–61.8% retracement zone toward the 1.1136 higher low
A break of the 1.1136 higher low would end the recovery structure and put the 1.1104 swing low back in play
US midterm results overnight and Tuesday's JOLTS could shift the read on USD direction
EZ flash HICP Wednesday 10:00 UTC (f/c 3.9%) could materially move price relative to the 1.1237 cap
Higher lows since 1.1104 swing low, capped by lower highs.
The pair has carved higher lows off the 1.1104 swing low, at 1.1136 and then 1.1149. Monday's oil-driven USD-weakness rally stalled at 1.1237, the monday high, below the 1.1260 window high, inside the cited 1.1200–1.1250 supply zone. Price has since given back about half that leg to sit at the 38.2% retracement, just under EMA20 and above EMA50. ATR(14) near 28 pips points to a contained 1.1104–1.1260 range ahead of Wednesday's euro-area HICP.
Support: 1.11704, 1.11361, 1.11042
Resistance: 1.12143, 1.12366, 1.12603
What it said to watch
An H4 close back above the 1.1214 prior high and then the 1.1237 monday high would break the lower-highs line and open the 1.1260 window high
Failure to hold the 50% fib at 1.1170 exposes the 1.1136 higher low; a break there undercuts the higher-lows line
A loss of the 1.1104 swing low would resume the multi-week decline from the range lows
Euro-area flash HICP Wed 10:00 UTC (f/c 3.9%, core 2.5%) could decide which range edge gets tested
US midterm results and JOLTS today could shift USD tone around the 1.1200–1.1250 supply zone