21:00 UTC
Downtrend, momentum extending · RSI 25 · price 1.15216
Lower highs and lower lows, fresh range break lower.
EUR/USD sold off sharply through the 1.1559 two-month low after the strong US NFP print revived Fed-hike odds, extending a multi-week downtrend of lower highs and lower lows. ATR(14) has expanded with the last two bars covering a wide range, and price sits well below both EMA20 and EMA50. The broken 1.1559 low now caps as resistance while 1.1500 is the next psychological support.
Support: 1.1518, 1.1500, 1.1480
Resistance: 1.1559, 1.1600, 1.1644
What it said to watch
- US CPI Jun 10 12:30 UTC could materially shift this read
- ECB decision Jun 11 is the dominant catalyst into next sessions
- H4 close back above 1.1559 would invalidate the breakout and reopen 1.16
- Failure to hold 1.1500 confirms continuation of the lower-low sequence