EUR/USD AI Live Scan, daily chart, Monday, 26 October 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.
21:02 UTC
Downtrend, momentum stalling in a base · RSI 42 · price 1.12168
Lower-high/lower-low chain from the Aug 21 high; 3-week range 1.1113–1.1269.
EURUSD has carried a lower-high/lower-low sequence since the Aug 21 high at 1.1711, with the mid-September break below 1.1500 taking price under a falling EMA(50) and on to the Oct 14 low at 1.1113. Since then, three weeks of consolidation have held between the oct low and the 1.1269 range top. Rebounds have stalled near the 23.6% retracement of the Aug–Oct fib and below the descending trendline, and price sits under EMA(20) near 1.1257. Friday's eurozone PMI misses, led by France, and a firmer USD into the Fed have kept the pair pinned in the lower half of the range, with demand stepping in around the 1.1184 range floor.
Support: 1.1184, 1.1113
Resistance: 1.1269, 1.1341, 1.1410
What it said to watch
Daily close above the 1.1269 range top and the descending trendline breaks the lower-high sequence and opens the 38.2% fib at 1.1341
Daily close below the 1.1184 range floor exposes the oct low at 1.1113; a break there extends the lower-low chain
Only a reclaim of the 1.1410 lower high from late September would challenge the downtrend structure
Fed decision Wed 18:00 UTC and ECB decision Thu 13:15 UTC (December guidance from both) could materially shift this read
Lagarde speech Tue 17:00 UTC and Q3 GDP/PCE later in the week as secondary range catalysts
LH/LL chain since August peak; consolidating above October low.
EURUSD has been in a downtrend since the 1.1711 peak on 21 August. The 1.1654 lower high on 9 September and the late-September break of 1.1460 carried the lower-high, lower-low chain down to the 1.1113 October low, and price remains below a falling EMA(50) near 1.1360. Since mid-October the pair has consolidated between the 1.1180 range floor and the 1.1270 range top, a level that lines up with EMA(20) and the 23.6% retracement of the Aug–Oct decline. RSI made a higher low as price printed the October low, a sign of fading downside momentum. EUR's bounce on the Moody's France relief and the IFO beat has stalled under that cap, with Friday's soft flash PMIs keeping the euro risk premium in place.
Support: 1.1180, 1.1113, 1.1000
Resistance: 1.1270, 1.1360, 1.1654
What it said to watch
A daily close above the 1.1270 range top and EMA(20) opens the path toward EMA(50) near 1.1360
A close below the 1.1180 range floor and the rising lows line exposes the 1.1113 October low, then the 1.1000 round number
Fed decision Wed 28 Oct and ECB decision Thu 29 Oct could materially shift this read; Lagarde speaks Tue
Only a recovery above the 1.1654 lower high would break the lower-high, lower-low sequence