Every read JAFX AI made on the EUR/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Downtrend easing, now ranging · RSI 46 · price 1.14139
Range within broader downtrend, higher lows off the base.
The early-July slide from 1.162 bottomed at the 1.1325 range low before a grind back, and price has since coiled between the 1.1390 pivot and the 1.1475 cap flagged by the soft-USD, EUR-weakness backdrop. Higher lows are holding off the base but momentum has flattened, with price now sitting mid-range just under both EMAs. ATR(14) has compressed toward 19 pips, consistent with the tightening consolidation.
Support: 1.1390, 1.1370, 1.1325
Resistance: 1.1460, 1.1475
What it said to watch
- H4 close above 1.1475 cap negates the range and opens the swing high at 1.1460+ / 1.1500
- Break below the 1.1390 pivot resumes the downtrend, exposing 1.1370 swing low then the 1.1325 range low
- US CPI Tue 14 Jul could materially shift this read
21:02 UTC
Downtrend paused, ranging · RSI 45 · price 1.14139
Range 1.1390-1.1460, higher low off 1.1325.
The sharp mid-June slide from 1.1620 to 1.1325 gave way to a recovery that has since coiled into a 1.1390-1.1460 range, with ATR(14) compressing to sub-20-pip readings. Price is pinned in the lower half of the range beneath the 1.1475/1.1500 cap, unable to build follow-through after in-line EU inflation confirmed a July ECB pause. Higher lows off 1.1325 remain intact but momentum is flat with price under EMA20 and EMA50.
Support: 1.1390, 1.1325
Resistance: 1.1460, 1.1475
What it said to watch
- H4 close above 1.1460/1.1475 negates the range and opens the path toward the cap
- Break below 1.1390 pivot risks resuming the downtrend toward the 1.1325 swing low
- US CPI Tue 12:30 UTC could materially shift this read