21:02 UTC
Recovery off June low, momentum firm · RSI 63 · price 1.15318
Higher lows since late June, reclaiming EMA50.
EURUSD has recovered in near-weekly steps off the late-June low at 1.1324, with a sharp two-week rally reclaiming the EMA50 and pushing back above the 1.1500 round pivot. The leg higher is largely a USD-weakness story after the soft ADP and ISM Services prints, leaving price consolidating near 1.1530 just under the 1.1558 seven-week high. RSI at 63 shows firm but not overbought momentum on D1.
Support: 1.1500, 1.1430, 1.1324
Resistance: 1.1558, 1.1660
What it said to watch
- D1 close above 1.1558 opens fresh multi-week ground toward 1.1660
- Failure to hold 1.1500 threatens the recovery and re-exposes 1.1430
- Friday NFP is the dominant cross-market risk for the USD leg