21:01 UTC
Downtrend, lower highs since March · RSI 38 · price 1.15216
Lower highs/lows, breaking 2-month low.
EUR/USD has carved a multi-week downtrend, printing lower highs since the ~1.1850 March peak with price trading below a falling EMG(50). The latest session sliced through the 1.1559 two-month low after the strong US NFP print (172K vs forecast), closing near 1.1522 and confirming a fresh lower low. The 1.16 handle now caps as prior support flips to resistance.
Support: 1.1500, 1.1410
Resistance: 1.1559, 1.1600
What it said to watch
- Daily close back above 1.1559 would negate the breakdown
- Failure to hold 1.1500 psych opens the path toward 1.1410 feb low
- US CPI Jun 10 and ECB Jun 11 are the dominant catalysts and could materially shift this read