21:02 UTC
Downtrend, momentum stalling · RSI 53 · price 1.14351
Lower highs / lower lows since April, recent higher low forming.
Downtrend since the April peak near 1.1849; price carved a chain of lower highs and lower lows into the late-June low at 1.1324. The last two weeks have been a base-and-bounce between roughly 1.1330 and 1.1470, with late-week recovery to 1.1435 USD-driven on the soft June NFP rather than euro demand. Price remains capped below a falling EMA50, keeping the multi-week trend down.
Support: 1.1361, 1.1324
Resistance: 1.1470, 1.1500, 1.1530
What it said to watch
- D1 close above the 1.1470-1.1500 zone would challenge the downtrend structure
- Failure to hold 1.1324 confirms a fresh lower low
- ISM Services and Lagarde speech Mon could materially shift the USD-driven read