EUR/USD AI Live Scan, 4-hour chart, Tuesday, 28 July 2026
Every read JAFX AI made on the EUR/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:01 UTC
Downtrend, minor bounce · RSI 45 · price 1.1387
Lower highs, holding above 1.1353 swing low.
EURUSD has rolled over into a downtrend since the 1.1482 high, printing lower highs and grinding to fresh lows sub-1.1360 as USD reasserted into the FOMC. Price is now consolidating in a tight 1.1360-1.1410 flag, capped repeatedly around 1.1400/1.1418 with demand stepping in at the 1.1353 swing low. ATR is subdued, consistent with a coiling range ahead of Wednesday's Fed decision.
Support: 1.1353, 1.1324
Resistance: 1.1400, 1.1418, 1.1445
What it said to watch
Close below 1.1353 confirms a lower-low and opens the 1.1324 ytd low
Reclaim above 1.1418 prior high negates the flag and the lower-high sequence
FOMC Wednesday is the dominant driver and could break this range in either direction
EURUSD is grinding lower in a clean lower-high/lower-low structure since the 1.1482 peak, with the 1.1400-1.1418 zone capping every bounce as USD reasserted strength into the FOMC. ATR(14) has compressed sharply near the lows, coiling price between the 1.1353 swing low and the 1.1400 cap. Price sits below both the EMA20 and EMA50, keeping the bias structurally heavy toward the YTD low at 1.1324.
Support: 1.1353, 1.1324
Resistance: 1.1400, 1.1418, 1.1410
What it said to watch
H4 close above 1.1400 breaks the lower-high sequence and opens the 1.1418 cap
Break below 1.1353 confirms continuation toward the 1.1324 ytd low
FOMC decision Wednesday could materially shift this read via USD
17:02 UTC
Downtrend, bounce off lows · RSI 48 · price 1.14007
Lower highs and lower lows since 1.1482.
Clean downtrend on H4, carving lower highs and lower lows since the 1.1482 high as USD firmed into Wednesday's FOMC. Price ground to a fresh monthly low near 1.1353 before the last bar's sharp bounce back to 1.1401, reclaiming EMA20 but still capped below EMA50. The 1.1418 rejection high remains the immediate hurdle, with the 1.1324 YTD low the standing downside magnet.
Support: 1.1353, 1.1324
Resistance: 1.1418, 1.1448
What it said to watch
Wed FOMC in ~24h is the dominant driver — hawkish read pressures toward the 1.1324 ytd low
H4 close below 1.1353 confirms the lower-low and opens 1.1324
Close above the 1.1418 rejection high challenges the downtrend read
17:01 UTC
Downtrend, bouncing off lows · RSI 48 · price 1.14007
Lower highs into monthly-low support.
Sequence of lower highs since the 1.1482 swing high, grinding to fresh monthly lows near 1.1353 as USD held bid into Wednesday's FOMC. The final bar snapped back off 1.1353 to 1.14007, reclaiming EMA20 while EMA50 still caps overhead. Structure stays lower-high biased unless the bounce clears the 1.1418 rejection zone.
Support: 1.1353, 1.1360, 1.1324
Resistance: 1.1418, 1.1476
What it said to watch
Wed FOMC (18:00 UTC) could materially shift this read
H4 close above 1.1418 invalidates the lower-highs read
Loss of 1.1353 opens the 1.1324 ytd low
13:00 UTC
Downtrend, pressing lows · RSI 38 · price 1.13639
Lower highs since 1.1482, marginal break of 1.1362.
Sequential lower highs since the 1.1482 peak have dragged EUR/USD to monthly lows, with rallies repeatedly capped in the 1.1400/1.1418 zone as terms-of-trade drag and a firmer USD dominate. The latest bar poked below the 1.1362 monthly low to 1.1353 before closing back above it, a marginal false break rather than a clean momentum shift. Price holds below EMA20 and EMA50 with RSI in the mid-30s, leaving the down-structure intact into Wednesday's FOMC.
Support: 1.1362, 1.1353
Resistance: 1.1400, 1.1418, 1.1448
What it said to watch
FOMC (Wed) is the dominant catalyst and could materially shift this read
Decisive H4 close below 1.1362 confirms the lower-low and opens 1.1350
Reclaim of 1.1400 rejection zone would neutralise the down-structure
09:02 UTC
Downtrend, lower highs · RSI 41 · price 1.1366
Rolling over below mid-month high, pressing recent lows.
H4 has been carving lower highs since the 1.1474 peak, with the corrective bounce repeatedly rejected at the 1.1400/1.1418 cap flagged in the macro read as USD firmed into the FOMC. Price is now grinding into the recent swing low around 1.1361, EMAs stacked bearishly overhead. ATR is subdued, consistent with a slow drift rather than an impulsive leg.
Support: 1.1361, 1.1300
Resistance: 1.1400, 1.1418
What it said to watch
H4 close below 1.1361 confirms a fresh lower-low, opening room toward 1.13
Reclaim of 1.1400 needed to challenge the lower-high structure
FOMC Wednesday and Eurozone Q2 GDP Thursday are the dominant catalysts that could reshape this read
H4 has printed a sequence of lower highs since the 1.1482 peak, with the corrective bounce repeatedly rejected at the 1.1400/1.1418 cap as the USD firmed into FOMC. Price now sits on the 1.1362 swing low with EMA20 back below EMA50, confirming the pullback bias off the mid-July highs. ATR(14) sits near 16 pips, a modest expansion as the decline extends.
Support: 1.1362, 1.1340, 1.1310
Resistance: 1.1400, 1.1418
What it said to watch
H4 close below 1.1362 confirms a lower-low and opens the low-1.13s
Reclaim of 1.1400 negates the lower-high structure
FOMC Wednesday 18:00 UTC dominates the near-term USD reaction and this read
05:02 UTC
Downtrend, lower highs · RSI 42 · price 1.13729
Rolling over below 1.1400 pivot.
EUR/USD is carving lower highs since the 1.1482 peak, with the weekend gap higher faded and capped ahead of the 1.1418 area, then rolling back under the 1.1400 pivot toward the 1.1364 swing low. USD resilience on geopolitics and fragile EUR terms-of-trade underpin the drift, as flagged in the broader two-way context. ATR(14) near 19 pips keeps the move orderly rather than impulsive, with price parked below both the EMA20 and EMA50.
Support: 1.1364
Resistance: 1.1400, 1.1418, 1.1482
What it said to watch
H4 close back above 1.1400 invalidates the breakdown read
Failure to hold 1.1364 confirms a fresh lower-low
FOMC Wednesday is the dominant near-term driver for this pair
05:01 UTC
Downtrend, momentum heavy · RSI 40 · price 1.13729
Lower highs, testing range lows.
EUR/USD has rolled over from the 1.1482 swing high, printing consecutive lower highs and losing the 1.1400 pivot that capped repeatedly through the window. Price is now pressing the 1.1364-1.1369 downside marker as the USD firms on geopolitics ahead of Wednesday's FOMC. ATR is moderate and price sits below both EMA20 and EMA50, keeping the near-term structure heavy.
Support: 1.1364, 1.1369, 1.1330
Resistance: 1.1400, 1.1418
What it said to watch
H4 close back above 1.1400 pivot invalidates the breakdown read
Break and close below 1.1364 confirms a fresh lower low
FOMC Wednesday is the dominant USD catalyst and could reset this read
01:02 UTC
Range rolling over, pressing lows · RSI 40 · price 1.13673
Multi-week range 1.1364-1.1482, testing lower edge.
EURUSD has spent three weeks boxed between 1.1364 and 1.1482, and price is now rolling over toward the lower edge after repeated rejections around 1.1445-1.1475. The pair failed to hold above 1.1400 despite a softer USD, consistent with the fragile-euro theme, and is retesting the 1.1364-1.1370 support cluster that has held twice before. ATR is subdued, keeping range mechanics dominant into the Wed FOMC.
Support: 1.1364, 1.1370
Resistance: 1.1420, 1.1445, 1.1475
What it said to watch
H4 close below 1.1364 confirms a lower low and range break
Reclaim of 1.1420 needed to negate the fade back to lows
EURUSD has carved a sequence of lower highs and lower lows since the 1.1482 swing high mid-month, with price now pressing the 1.1364 swing low after repeated rejections below the 1.1400 pivot. The pair trades under both EMAs and the digest's fragile-euro/firm-US-data mix aligns with the drift lower. ATR sits in a moderate regime — trend extending rather than compressing.