09:02 UTC
Uptrend, momentum slowing · RSI 55 · price 1.17659
Higher lows since Feb, capped under 1.1850.
Multi-month uptrend intact, with price holding above a rising EMA(50) since the mid-February low at 1.1410 and printing higher lows through March and April. The last 5 weeks have been a 1.1660–1.1850 consolidation under the April 1.1965 high, with RSI cycling near the midline as momentum cools. Price is parked mid-range at 1.1766 after a Friday push back into the upper half of the band.
Support: 1.1660, 1.1510, 1.1410
Resistance: 1.1850, 1.1965
What it said to watch
- Daily close above 1.1850 range top reopens the path to the 1.1965 Apr high
- Loss of 1.1660 swing low breaks the higher-low chain and exposes 1.1510
- US CPI Tuesday and Trump-Xi summit 13–15 May could materially shift this read