Every read JAFX AI made on the EUR/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Recovery leg, momentum up · RSI 64 · price 1.15553
Higher lows off June base, capped near 1.1565.
Price fell from the April peak at 1.1849 to a June low of 1.1324, then built a multi-week base and turned higher; the late-July recovery has lifted EUR/USD back to 1.1555, above a rising EMA(50). The advance has stalled just under the 1.1565 range cap, where the latest sessions have rejected, helped by broad USD softness after this week's weak ADP print. RSI near 64 shows momentum without being stretched into overbought.
Support: 1.1495, 1.1430, 1.1324
Resistance: 1.1565, 1.1600
What it said to watch
- US NFP in the US session is the dominant driver — a soft print could push a daily close above 1.1565 toward 1.1600
- Daily close above 1.1565 opens the path to 1.1600
- Failure to hold 1.1495 puts the 1.1430 swing low back in focus
21:01 UTC
Downtrend, recovery underway · RSI 63 · price 1.15553
Recovering off July low, capped near 1.1565.
EUR/USD carved an April top at 1.1849 and sold off into a July trough near 1.1324, a multi-month downtrend. The last two weeks reversed a chunk of that: a ~190-pip recovery off the late-July low has reclaimed the EMA(50) and stalled just under the 1.1565 cap, roughly a 38.2% retrace of the April–July decline. The move rode softer USD after a weak ADP print, with tonight's US payrolls the swing factor into the next daily bar.
Support: 1.1495, 1.1455, 1.1420
Resistance: 1.1565, 1.1600
What it said to watch
- Daily close above 1.1565 key cap opens the path toward 1.1600
- Failure to hold 1.1495 range support signals the recovery fading
- US NFP at 12:30 UTC is the dominant driver for the next daily bar