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 within broader range, near lows · RSI 43 · price 1.15673
Lower highs since April, pressing range floor.
EURUSD has been grinding lower off the April high at 1.1849, trading below the EMA50 swing filter and carving a chain of lower highs into mid-June. The post-ECB hike to 2.25% has cushioned but not reversed the slide, with price now coiled just under the 1.1580-1.1590 range floor that has flipped to resistance. The pair sits roughly on the 61.8% retrace of the February-April rally, with RSI mid-40s and no clear oversold reset yet.
Support: 1.1500, 1.14994, 1.14105
Resistance: 1.1590, 1.1660, 1.1849
What it said to watch
- Daily close below 1.1500 range low confirms a lower-low toward 1.14994
- Reclaim of the 1.1590 range floor opens a probe back toward 1.1660 ema50
- FOMC Wed Jun 17 (Warsh debut, dot plot) is the dominant catalyst and could reset this read
21:01 UTC
Downtrend, consolidating near lows · RSI 42 · price 1.15673
Lower highs, range-bound 1.15-1.16.
EURUSD has carved a chain of lower highs since the April peak near 1.1849, with price trading below a falling EMU50 and pinned beneath the 1.1590 range floor that flipped to resistance. The post-ECB hawkish hike kept EUR cushioned but the strong US data run has compressed the pair into a tight 1.15-1.16 band over the last two weeks. Demand has repeatedly held the 1.1500 area, while supply caps each attempt back toward 1.1590.
Support: 1.1500, 1.1410
Resistance: 1.1590, 1.1665, 1.1849
What it said to watch
- Daily close above 1.1590 reopens the path to 1.1665
- Failure to hold 1.1500 confirms a lower-low and exposes 1.1410
- FOMC Jun 17 (Warsh debut, dot plot) is the dominant catalyst and could materially shift this read