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, grinding to fresh lows · RSI 37 · price 1.13671
Lower highs / lower lows since April peak.
EURUSD has trended lower since the April peak near 1.1849, printing a chain of lower highs and lower lows and holding below EMA(50) on D1 for weeks. Price is now grinding into the mid-1.13s, closing in on the YTD low at 1.1324 as USD reasserts strength into Wednesday's FOMC. Repeated failures under the 1.1418 capping resistance keep the structure pointed down.
Support: 1.1360, 1.1324
Resistance: 1.1418
What it said to watch
- D1 close below 1.1324 confirms a fresh lower-low and extends the downtrend
- FOMC Wednesday (USD-driven) could materially shift this read
- Reclaim of 1.1418 would challenge the sequence of lower highs
21:01 UTC
Downtrend, extending to fresh lows · RSI 37 · price 1.13671
Lower highs and lower lows since the April top.
EURUSD has been in a steady downtrend since the mid-April top at 1.1849, printing a chain of lower highs and lower lows and trading well below EMA20 and EMA50. Price broke the 1.1400/1.1418 shelf that repeatedly capped bounces and is now grinding to fresh lows sub-1.1370, closing in on the YTD pivot at 1.1324 as the dollar firms into the FOMC. Firm EZ PMIs and a strong IFO delivered no EUR upside, leaving the structure USD-led.
Support: 1.1324, 1.1364
Resistance: 1.1418, 1.1400
What it said to watch
- A close below 1.1324 confirms a break of the YTD low and extends the downtrend
- A daily reclaim of 1.1400/1.1418 would neutralise the fresh-low read
- FOMC Wednesday could materially shift this read via the USD leg