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 · RSI 54 · price 1.1467
Basing near lows after multi-week decline.
Downtrend from the April peak at 1.1849, price held below a falling EMA(50) through May and June. The decline stalled into the June low at 1.1324, and the last month has carved a 1.1353–1.1500 base. EUR firmed on this week's Q2 GDP double-beat and hot German CPI, lifting price back to the 1.1470 pivot after basing near recent lows.
Support: 1.1435, 1.1353, 1.1324
Resistance: 1.1470, 1.1500
What it said to watch
- D1 close above 1.1500 range top would break the month-long base
- Eurozone flash HICP Fri 09:00 UTC is the key EUR catalyst
- Failure to hold 1.1435 reopens the 1.1353 recent low
21:01 UTC
Downtrend flattening into a base · RSI 56 · price 1.1467
Lower highs off April peak, three-week base.
Downtrend from the mid-April 1.1849 peak carved a chain of lower highs into the June 1.1324 low; the last three weeks have flattened into a 1.1353–1.1475 base. This week's EUR bounce — helped by the Q2 GDP double-beat and firm German CPI alongside a softer USD after the FOMC hold — has lifted price back to the top of that base, where it now trades against the range ceiling.
Support: 1.1353, 1.1324, 1.1410
Resistance: 1.1475, 1.1500, 1.1560
What it said to watch
- Daily close above 1.1475 range top opens the path back toward 1.1560
- Failure to hold 1.1353 reopens the June 1.1324 low
- Eurozone flash HICP Fri 09:00 UTC is the week's key EUR catalyst