EURUSD broke cleanly above the multi-week 1.1435-1.1470 range, driven by firmer EUR on the Q2 GDP double-beat and hot German CPI alongside a softer USD after the FOMC hawkish-hold and cool core PCE. Price now trades well above both EMAs with ATR(14) expanding, consistent with trend extension rather than compression. RSI is elevated near 73, reflecting stretched momentum into fresh swing highs at 1.1537.
Support: 1.1470, 1.1435, 1.1385
Resistance: 1.1537
What it said to watch
A close back below 1.1470 would negate the range breakout read
Eurozone flash HICP Fri 09:00 UTC and US ECI 12:30 UTC could materially shift this read
Failure to hold above 1.1470 reopens the 1.1435 support
Price spent nearly three weeks compressing in a 1.1435-1.1470 range before an impulsive expansion cleared the range top and drove to a 1.1537 swing high — the breakout coincided with the double-beat Eurozone GDP and hot German CPI while a soft US GDP/PCE and hawkish-hold FOMC weighed on the dollar. ATR(14) has jumped as the trend extends, with price now stretched above both the EMA20 and EMA50. RSI near 73 flags an overbought condition into fresh highs.
Support: 1.1470, 1.1435
Resistance: 1.1537, 1.1550
What it said to watch
Loss of 1.1470 range top on a close would signal a failed breakout and retest
Eurozone flash HICP Fri 09:00 UTC and US ECI 12:30 UTC are the next catalysts for this move
A close above 1.1550 psych opens continuation; rejection there caps the extension
EURUSD broke decisively above the multi-week 1.1360-1.1470 range with a strong H4 impulse into 1.1536, printing a fresh high on the window. The move follows the Eurozone Q2 GDP double-beat and hot German CPI alongside a softer USD after the Fed's hawkish hold. ATR(14) is expanding off compression as the breakout extends, with price stretched well above both EMAs and RSI elevated near 71.
Support: 1.1470, 1.1435, 1.1353
Resistance: 1.15367
What it said to watch
Sustained trade above the 1.1470 range top keeps the breakout structure intact
Loss of 1.1470 back into the range would flag a false break
Eurozone flash HICP Fri 09:00 UTC (core f/c 2.4%) could materially shift this read
13:01 UTC
Range breaking to upside · RSI 63 · price 1.1476
Two-week range, upside break in progress.
EURUSD spent nearly two weeks compressing in a 1.1365-1.1475 band before a strong impulse candle drove price through the range top toward 1.1484, aided by the firm Q2 GDP beat. ATR(14) has expanded off its mid-range lows and both EMAs have turned up beneath price. The prior range ceiling near 1.1475 now sits as the first structural test on any pullback.
Support: 1.1475, 1.1435, 1.1365
Resistance: 1.1484, 1.1500
What it said to watch
H4 close back below 1.1435 negates the breakout and returns price into the range
Eurozone flash HICP Fri 09:00 UTC could materially shift this read
Acceptance above 1.1484 opens the path toward the 1.1500 handle
Range-bound; spike to 1.1470 fading back into range.
EURUSD has held a multi-week range roughly 1.1353-1.1480, with a sharp bullish spike to 1.1470 as the Fed's divided hold softened the dollar and firm EZ GDP prints supported the euro. That thrust has already faded back to 1.1438, stalling under the 1.1470-1.1480 resistance that has capped price repeatedly. ATR compression through most of the window shows the range is quiet outside data-driven spikes.
Support: 1.1365, 1.1353
Resistance: 1.1470, 1.1480
What it said to watch
H4 close above 1.1480 range top opens the path higher
Failure to hold 1.1365 swing low reopens the 1.1353 range low
German HICP (12:00 GMT) and US GDP/core PCE (12:30 GMT) could materially shift this read
09:01 UTC
Range, near-term bounce · RSI 55 · price 1.1438
Multi-week range, spike into top then fade.
EURUSD has churned in a 1.1355-1.1482 range for three weeks with lower ATR compression through the middle of the window. A sharp bullish spike to 1.1470 on stronger-than-forecast Eurozone GDP prints tested the range top before fading back to 1.1438, leaving the move unconverted. Price sits back above EMA20 and EMA50 but capped by the 1.1470-1.1482 supply band.
Support: 1.1402, 1.1355
Resistance: 1.1470, 1.1482
What it said to watch
H4 close above 1.1482 range top would confirm a range break
Loss of the 1.1355 range low reopens the low-1.13s
German flash HICP (12:00 GMT) could materially shift this read
EUR/USD spent two weeks grinding lower into the low-1.13s before a single impulsive bar cleared the 1.1400 psych pivot, aligning with the post-FOMC relief bid after the hawkish 9-3 hold. Price now sits just under the recent high at 1.1474 with ATR(14) still compressed after the pop. Both EMA20 and EMA50 have flipped below spot as the move reclaimed the range top.
Support: 1.1400, 1.1353
Resistance: 1.1474, 1.1480
What it said to watch
H4 close back below 1.1400 re-exposes the 1.1353 swing low
Acceptance above 1.1480 range top opens further upside
EZ GDP/HICP cluster and US PCE at 12:30 GMT could reset this read
Multi-week range, price snapping back to range top.
EUR/USD spent three weeks grinding in a 1.1355-1.1475 range before a sharp bullish thrust on the last few bars reclaimed 1.1400 and drove price back toward the range top, in line with the post-FOMC relief pop above the pivot. ATR is elevated by that impulse candle and price now sits above both EMA20 and EMA50 for the first time in the window. The 1.1475-1.1482 band is the multi-day cap that has rejected rallies twice.
Support: 1.1400, 1.1355, 1.1324
Resistance: 1.1475, 1.1482
What it said to watch
H4 close above 1.1475 range top opens the path toward 1.1482 prior high
Failure to hold 1.1400 pivot re-exposes the 1.1355 swing low and 1.1324 ytd low
US Core PCE / GDP at 12:30 GMT could materially shift this read
01:02 UTC
Range breaking higher · RSI 67 · price 1.14675
Reclaim of 1.1400 pivot after multi-day base.
EURUSD spent nearly three weeks compressing sub-1.1400 above the YTD-low zone before a sharp reversal today swept the swing low at 1.1353 and reclaimed the 1.1400 pivot, driven by the USD long-unwind after the Fed's hawkish hold. Price now presses the prior high at 1.1482 with EMA20 and EMA50 flipping supportive. ATR(14) expansion off the compressed base confirms the range break.
Support: 1.1400, 1.1353, 1.1324
Resistance: 1.1482
What it said to watch
H4 close back below 1.1400 negates the breakout and reopens the swing low at 1.1353
Acceptance above the 1.1482 prior high extends the recovery
Eurozone Q2 GDP + German HICP (Wed) and US Core PCE (Thu) could materially shift this read
01:01 UTC
Reversal higher off range base · RSI 66 · price 1.14675
Breakout above 1.1400 range top.
After two weeks compressing near the range base at 1.1355-1.1363, EUR/USD snapped higher on the last two H4 bars, tearing through the 1.1400 pivot as a hawkish-hold Fed triggered USD long-unwind. Price now sits at 1.1467 with EMA20 crossing back above EMA50, and the recent high at 1.14743 is the immediate cap. The double-bottom base held, and ATR is expanding off compressed levels as the move extends.
Support: 1.1400, 1.1353, 1.13636
Resistance: 1.14743, 1.1482
What it said to watch
Acceptance back below 1.1400 pivot would negate the breakout and re-open the 1.1355 base
A close above 1.14743 opens the path to the 1.1482 prior high
US Core PCE + GDP cluster Thu 12:30 GMT could materially shift this read
Eurozone Q2 GDP / German HICP Wed also in range to move the pair