22:01 UTC
Downtrend paused, ranging below a falling EMA(50) · RSI 48 · price 1.12256
Five-week range at 1.1104–1.1276 after the Sep–Oct decline; lows near flat, highs capped.
The Sep 9 high at 1.1654 started a four-week downtrend into early October. Since Oct 5 price has held a 1.1104–1.1276 range, with the range low tested on Oct 14 and Oct 29 and the range top capping on Oct 6 and again on Nov 4. Post-midterm USD selling lifted the pair to 1.1273 on Wednesday, but the rally rejected at the range top as the dollar firmed on strong labour data. Price is now near the 23.6% retracement of the Sep–Oct leg, above a flat EMA(20) near 1.1198 and below a falling EMA(50) around 1.1300.
Support: 1.1175, 1.1104
Resistance: 1.1275, 1.1300, 1.1410
What it said to watch
- A D1 close above the 1.1275 range top breaks the range and brings the ema50 / 38.2% zone at 1.1300–1.1315 into play, with the 1.1410 sep pivot beyond
- Losing the 1.1175 higher low from this week reopens the 1.1104 range low; a close below it would resume the downtrend
- US NFP Fri 13:30 UTC (f/c 65K) could decide which edge of the range gets tested
- D1 RSI holding near 48 shows no momentum out of the range yet