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.
21:02 UTC
Downtrend, momentum flattening · RSI 49 · price 1.14374
Multi-week range above june low.
Four-month downtrend off the April 1.1849 peak, with price capped below a falling EMA(50) since May. The slide stalled at the June low near 1.1324, and the last several weeks have consolidated in a 1.1355–1.1480 range with demand stepping in on dips toward the 1.1405 pivot. In-line euro HICP and firm US data have kept the pair pinned into Thursday's ECB decision.
Support: 1.1405, 1.1355, 1.1324
Resistance: 1.1463, 1.1480, 1.1550
What it said to watch
- D1 close above the 1.1480 range top opens the path to 1.1550
- Loss of 1.1355 swing low exposes the June low at 1.1324
- ECB decision Thu Jul 23 12:15 UTC could reset this range read
21:02 UTC
Downtrend, now basing · RSI 52 · price 1.14374
Lower highs from April, month-long base near lows.
Downtrend since the April peak near 1.1849, with a chain of lower highs dragging price into the June low at 1.1324. The past month has flattened into a base between roughly 1.1376 and 1.1480; price is back above EMA20 but remains capped under a falling EMA50, keeping the broader structure heavy. EUR sits mid-range into the July 23 ECB hold, where forward guidance rather than the rate is the trigger.
Support: 1.1405, 1.1376, 1.1324
Resistance: 1.1480, 1.1520
What it said to watch
- Daily close above 1.1480 range top opens the 1.1520 resistance
- Failure to hold 1.1376 swing low reopens the 1.1324 june low
- ECB decision Thu Jul 23 could materially shift this read