EURUSD broke higher off the 1.1353 base and printed a swing high at 1.1559 before stalling, with price now coiling in a tight 1.1500-1.1540 band. The rally rode a softer USD after the post-FOMC unwind, but longs remain capped below the 1.1565 trigger flagged into Friday's NFP. ATR is easing as the pair consolidates the impulse, price holding above both EMA20 and EMA50.
Support: 1.1500, 1.1455, 1.1376
Resistance: 1.1559, 1.1565
What it said to watch
H4 close above 1.1565 opens the path toward 1.1600
Loss of 1.1500 exposes the 1.14550 range base
US ISM Services and ADP Wed, then NFP Friday, are the dominant USD catalysts
Higher highs/lows, now consolidating below 1.1558.
Price rallied hard off the 1.1353 base, cleared the prior 1.145 cap and printed a new swing high at 1.1558, driven by sticky Eurozone HICP reinforcing ECB-hike pricing against a range-bound USD. The last six bars have coiled between 1.1500 and 1.1540, holding above rising EMA20/EMA50 with RSI easing back from stretched levels. This is a shallow consolidation at the top of the up-move, capped below the 1.1565 trigger.
Support: 1.1500, 1.14999, 1.1485
Resistance: 1.1558, 1.1565
What it said to watch
H4 close above 1.1565 opens the path toward 1.1600
Loss of 1.1500 exposes the 1.1485 range base
US NFP Friday is the dominant catalyst and could reset this read
Higher highs since late-month low, now consolidating below 1.1558.
EURUSD ran an impulse rally off the 1.1361 low to a seven-week high at 1.1558, powered by hawkish ECB repricing after firm July HICP and a softer dollar, but couldn't sustain it. Price is now consolidating in a 1.1500-1.1540 band below the 1.1558 cap, EMAs stacked bullish beneath. Momentum is cooling ahead of a heavy US jobs week.
Support: 1.1500, 1.1485, 1.1466
Resistance: 1.1558, 1.1565, 1.1600
What it said to watch
H4 close above 1.1565 opens the path to 1.1600
Failure to hold 1.1500 exposes the 1.1485 range floor
US NFP Friday and JOLTS today could materially shift this read
EUR/USD rallied off the 1.1353 low into the 1.1558 seven-week high, clearing the prior 1.1450 range and now consolidating just above the 1.1500 psych level. Price holds above both EMAs with higher lows intact, though the drift since the high shows momentum cooling into Friday's US payrolls. ATR remains elevated after the impulse leg.
Support: 1.1500, 1.1455
Resistance: 1.15586
What it said to watch
H4 close above 1.15586 opens the path toward 1.1615/20
Loss of the 1.1500 psych level exposes the 1.1455 pivot
US July NFP Friday is the dominant near-term driver and could reshape this read
EURUSD has been in a clean uptrend since the late-July low near 1.1353, impulsing to a 1.15586 swing high before rolling into a tight pullback. Price is now consolidating in the 1.1500-1.1540 band, hovering around EMA20 while holding well above a rising EMA50. ATR(14) stayed elevated after the breakout leg, and supply from 1.1558/1.1565 has capped the last two upside attempts.
Support: 1.1500, 1.1455, 1.1435
Resistance: 1.15586, 1.1565, 1.15466
What it said to watch
H4 close above 1.15586 reopens the 1.1565 supply and 1.1615/20 band
Loss of 1.1500 exposes the 1.1455 pivot and undermines the higher-low structure
US ADP/ISM Services Wed is the primary catalyst that could shift this read
EURUSD ran an impulsive rally off the 1.1374 base, breaking prior range and printing a fresh swing high at 1.1559 before easing back to hold above 1.1500 — a USD/Fed-driven move per the macro read rather than standalone EUR strength. Higher-high, higher-low structure remains intact with price above both EMAs, but the last few bars are consolidating under the 1.1565 cap that has repeatedly rejected upside. ATR sits in a moderate regime, neither compressing nor blowing out.
Support: 1.1500, 1.14811, 1.1455
Resistance: 1.15586, 1.1565
What it said to watch
H4 close above 1.1565 opens the path toward 1.1600
Loss of 1.1500 then 1.1455 pivot undermines the higher-low structure
US ADP / ISM Services Wed could materially shift this read