21:01 UTC
Downtrend, accelerating into oversold · RSI 27 · price 1.13531
Lower highs / lower lows, fresh 13-month low.
EURUSD has run a clean multi-week downtrend off the April 1.1849 high, with the selloff accelerating into a four-session leg that printed a fresh 13-month low at 1.1324 — driven by hawkish-Fed USD strength while soft German data caps the euro. Price sits below both EMA20 and EMA50 with the swing filter falling, and daily RSI is in oversold territory, leaving the structure stretched but intact. The 1.1385–1.1411 band marks the nearest overhead supply.
Support: 1.1324, 1.1280
Resistance: 1.1385, 1.1411
What it said to watch
- Daily close below 1.1325 opens the path toward 1.1280
- Reclaim of 1.1385 would signal an oversold bounce within the downtrend
- Eurozone HICP (Mon) and CPI (Tue) could materially shift this read