EUR/USD AI Live Scan, daily chart, Wednesday, 23 September 2026
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 since the 21 Aug high, momentum stretched · RSI 28 · price 1.14098
Lower highs and lower lows from 1.1711; range break on 14 Sep, now testing 1.1400.
EURUSD has carried lower highs and lower lows since the 21 Aug peak at 1.1711. The 9 Sep lower high at 1.1654 capped the pair, and the 14 Sep range break below 1.1566 opened a slide that has now retraced more than 78.6% of the Jul-Aug rally, with price below a rolling-over EMA(50). The latest leg came on USD strength after the blowout US PMI beat revived October Fed-hike pricing, while Eurozone PMI beats failed to lift EUR. Price is now pressing the 1.1400 round number, where rising support from the June low converges.
Support: 1.1400, 1.1353, 1.1324
Resistance: 1.1495, 1.1523, 1.1654
What it said to watch
A daily close below the 1.1400 round number and rising support exposes the july low at 1.1353, then the june low at 1.1324
RSI near 28 marks an oversold stretch, and a stall at 1.1400 would leave room for a corrective bounce toward the 1.1495 week high
Recovery above the 1.1495 week high and the 1.1523 sep 14 low would mark the first break in the lower-high sequence
A close back above the 1.1654 lower high and the lower-high line invalidates the downtrend read
Thu German IFO, Schnabel/Lane and US jobless claims could materially shift this read; the 29 Sep Eurozone HICP flash is the larger test
Chain of lower highs and lower lows since the 1.1711 peak.
The rally that ran from the 1.1324 low into the 1.1711 peak has fully unwound: price has posted a clean sequence of lower highs (1.1597, 1.1556) and lower lows, and now trades at 1.1447 with EMA20 and EMA50 both above spot and rolling over. The break of the 1.1500 psych area three sessions ago was the structural trigger, and this is the third consecutive down week — driven by hawkish Fed repricing lifting the dollar to a 7-week high while a strong Eurozone PMI beat produced no EUR upside, with German/French political-fiscal risk capping rallies. RSI(14) at ~31 is approaching genuinely stretched territory on this timeframe, but there is no bullish divergence yet and the 1.1429 recent low is the immediate floor.
Support: 1.1429, 1.1400, 1.1353
Resistance: 1.1500, 1.1556, 1.1597
What it said to watch
Failure to hold 1.1429 and the 1.1400 round number confirms continuation of the lower-low chain
A daily close back above 1.1500 psych would break the run of lower highs and neutralise the downtrend read
German IFO Thursday 08:00 GMT is the week's main EUR catalyst and could reset the weekly cadence
Next structural support below 1.1400 sits at the 1.1353 swing low