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 from April, now basing · RSI 46 · price 1.14119
Lower highs into a multi-week range.
Multi-month decline from the mid-April 1.1849 peak, with EMA(50) sloping down and price holding beneath it. Since the mid-June 1.1324 low, EUR/USD has based between roughly 1.1375 and 1.1482 for about five weeks, capped sub-1.1420 as an oil-driven USD bid offsets hawkish-ECB pricing. Price sits mid-range around 1.1412 with RSI flat near neutral.
Support: 1.13775, 1.13242
Resistance: 1.1482, 1.1520
What it said to watch
- D1 close above 1.1482 opens the path to 1.1520
- Failure to hold 1.1375 exposes the 1.1324 June low
- Fri flash PMIs (EZ + US) could shift the range read
21:02 UTC
Downtrend easing, consolidating · RSI 44 · price 1.14119
Lower highs into June low, ranging since.
EURUSD trended lower from the April 1.1849 peak into the June 1.1324 swing low, then recovered and has spent the last several weeks basing between roughly 1.1380 and 1.1480. Price is pinned near the 1.1400 pivot and capped sub-1.1420 as an oil-driven safe-haven USD bid offsets hawkish-ECB pricing. EMA(50) still sits above price, keeping the swing filter tilted lower while the range holds.
Support: 1.1400, 1.1380, 1.1324
Resistance: 1.1420, 1.1482
What it said to watch
- D1 close above 1.1420 opens the path back toward the 1.1482 swing high
- Loss of 1.1380 range low reopens the 1.1324 June low
- Fri flash PMIs (EZ + US) could break the 1.1380-1.1420 range either side