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.
21:01 UTC
Downtrend easing into range · RSI 51 · price 1.14406
Summer range after Apr-Jun decline.
EURUSD spent April to mid-June grinding down from the 1.1849 peak to the 1.1324 June low, and has since settled into a 1.1350-1.1450 summer range, trading near the 1.1450 range cap at 1.1440. Price sits back above EMA20 but remains below a still-declining EMA50, keeping the broader lean lower even as the recent basing holds the 1.1390 strong support. USD near cycle highs on hawkish Fed pricing has capped the recovery, leaving the pair rangebound with RSI mid-scale.
Support: 1.1390, 1.1350, 1.1324
Resistance: 1.1450, 1.1470, 1.1500
What it said to watch
- Daily close above 1.1450 range cap opens the path to 1.1500
- Break below 1.1350 range low confirms a lower low toward 1.1324
- FOMC minutes Wed and German HICP Fri could break the summer range
21:01 UTC
Downtrend from April peak, now basing · RSI 48 · price 1.14406
Range within a broader lower-high sequence.
EURUSD peaked near 1.1850 in early April and ground lower into a mid-June trough at 1.1324, keeping price below a declining EMA(50). The last three weeks have flattened into a 1.1350-1.1450 summer range, with 1.1390 holding as strong support; EUR shed over 1% this week as markets pared ECB tightening bets against a USD sitting near 2026 highs.
Support: 1.1390, 1.1324
Resistance: 1.1450, 1.1500
What it said to watch
- Daily close above the 1.1450 range top opens the path to the 1.1500 range cap
- Break below 1.1390 strong supp shifts the read back toward the 1.1324 june low
- FOMC minutes (Wed) and German HICP (Fri) are the near-term catalysts that could break the range