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 cooling into range · RSI 47 · price 1.15912
Lower highs since April, basing above 1.1500.
EURUSD has carved a chain of lower highs since the April peak near 1.1849, with the swing trend still under a falling EMA(50). The last two weeks have compressed into a tight 1.1555–1.1620 band, EUR holding above the 1.1555 range floor after a strong ZEW print, but rallies keep getting capped under 1.1620 into the Fed. Price is back at its EMA(20) but well below EMA(50), keeping the broader bias heavy.
Support: 1.1555, 1.1500
Resistance: 1.1620, 1.1650
What it said to watch
- Daily close above 1.1620 range cap would break the consolidation and open the 1.1650 ceiling
- Loss of 1.1555 range floor turns risk toward the 1.1500 psych level
- FOMC rate decision Wednesday is the dominant driver and could materially shift this read
21:01 UTC
Range-bound below EMA(50) · RSI 51 · price 1.15912
Consolidating after April peak; lower highs into June.
EUR/USD slid from the February 1.189 area to a 1.141 low, recovered to an April peak near 1.1849, and has since drifted lower under a chain of lower highs. The last several weeks have compressed into a 1.1520–1.1620 range with price hugging EMA(20) and holding below a still-flattening EMA(50). ECB-hawkish-vs-less-dovish-Fed tone keeps the read two-way, with the 1.1555 pivot and 1.1620 range cap framing the consolidation.
Support: 1.1555, 1.1500, 1.1410
Resistance: 1.1620, 1.1849
What it said to watch
- FOMC decision/dots Wed is the dominant cross-asset driver for this range
- Daily close above 1.1620 range cap would challenge the lower-high structure
- Loss of the 1.1555 pivot opens the path toward the 1.1500 june low