21:00 UTC
Downtrend within broader range, attempting to stabilise · RSI 43 · price 1.16354
Lower highs from 1.2083 peak, base forming above 1.1580.
EURUSD has been carving lower highs since the 1.2083 peak in late January, with a sharp February break establishing the 1.1410 prior low. Price has spent the last six weeks oscillating in a 1.1580–1.1790 range, with the May high stalling beneath the EMA50 around 1.1690. Recent sessions show RSI holding above its February trough while price retests the lower band, hinting at waning downside momentum but no structural shift yet.
Support: 1.1580, 1.1410, 1.1510
Resistance: 1.1690, 1.1790
What it said to watch
- Daily close above 1.1690 ema50 would neutralise the lower-high sequence
- Loss of 1.1580 swing low reopens the 1.1410 prior low
- BoJ/Fed commentary and Kashkari hike rhetoric could materially shift USD tone this week