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, consolidating at lows · RSI 45 · price 1.14013
Lower highs off April peak, now range-bound low-1.14s.
EURUSD carved a lower-high chain after the April peak at 1.1849, and has been grinding lower for weeks, trading below EMA(50) into the low-1.14s. Price is now pinned near five-week lows, capped under the 1.1420 cap by a safe-haven USD bid, with the range floor at 1.1360 defining the base. The last several sessions are a tight consolidation between 1.1380 and 1.1420, awaiting Thursday's ECB decision.
Support: 1.1380, 1.1360, 1.1324
Resistance: 1.1420, 1.1465, 1.1500
What it said to watch
- ECB decision Thu 12:15 UTC + Lagarde presser could materially shift this D1 read
- Daily close above the 1.1420 cap opens the path to 1.1465 prior high then 1.1500 psych
- Failure to hold 1.1360 range low exposes the 1.1324 swing low
21:02 UTC
Downtrend from April, now consolidating · RSI 44 · price 1.14013
Range low-1.14s, below EMA50.
The dominant swing was the run into the April high at 1.1849 followed by a multi-week decline to the June low at 1.1324. Since then price has consolidated in the low-1.14s, holding below EMA(50) with the 1.1420 cap repeatedly limiting rallies. EUR remains pinned near five-week lows, supported by a hawkish ECB lean but capped by safe-haven USD demand into Thursday's decision.
Support: 1.1360, 1.1324
Resistance: 1.1420, 1.1482, 1.1500
What it said to watch
- Daily close above 1.1420 cap opens the path to 1.1465/1.1500
- Failure to hold 1.1360 range low opens 1.1324 swing low
- ECB decision Thu 12:15 UTC and Lagarde presser could materially shift this read