Broad range with higher-low base since late-April swing.
Price has been carving a multi-week range between roughly 1.1655 and 1.1849, with a higher-low base forming off the late-April 1.1655 print. The recent push reclaimed both EMAs and is pressing back toward the 1.1787 swing high, but momentum is moderate and ATR has compressed alongside the rangebound action. Geopolitical risk premium tied to the US-Iran standoff is keeping flows two-way ahead of US CPI on Tuesday.
Support: 1.1722, 1.1688, 1.1655
Resistance: 1.1787, 1.1808, 1.1849
What it said to watch
H4 close above 1.1787 swing high opens room to 1.1808 range high then 1.1849 month high
Rejection at 1.1787 swing high keeps the range read intact
Loss of 1.1722 swing low shifts focus back to 1.1688 range low
US CPI release Tuesday could materially shift this read
05:01 UTC
Uptrend, momentum slowing near range top · RSI 55 · price 1.17563
Higher-lows intact, capped below 1.1800.
EURUSD has rebuilt a higher-low sequence off the 1.1678 base, with the latest leg stalling into 1.1787 before the current bar rejected back toward the EMA20. Price sits inside a 1.1745-1.1808 consolidation under the broader 1.1849 month high, with ATR(14) compressing through the week. Dollar firmness from renewed Iran tensions and de Guindos's dovish ECB tone are weighing on the upside attempt without yet breaking the swing structure.
Support: 1.1745, 1.1720, 1.1678
Resistance: 1.1787, 1.1808, 1.1849
What it said to watch
H4 close above 1.1808 prior high opens path to 1.1849 month high
Loss of 1.1745 swing low breaks the higher-low sequence
Sustained dollar bid on Iran headlines could compress range further
Rotation between 1.1660 and 1.1800, holding above mid-range.
EURUSD has spent the past three weeks rotating in a 1.1660–1.1810 range, with a brief spike to 1.1849 quickly rejected. Price has reclaimed both EMAs and is grinding back toward the swing high near 1.1787, though the Monday open gap lower on Iran headlines shows sellers remain active into the upper band. ATR(14) at ~33 pips reflects a contained, mean-reverting regime rather than a directional trend.
Support: 1.1722, 1.1692, 1.1669
Resistance: 1.1787, 1.1808, 1.1849
What it said to watch
H4 close above 1.1810 prior high opens path toward the 1.1849 spike high
Loss of 1.1722 swing low reopens the range low at 1.1669
Iran-related risk-off headlines could materially shift this read