21:00 UTC
Broad range, rolling over from upper band · RSI 46 · price 1.34956
Multi-month range 1.3150–1.3870, mid-range drift lower.
Pair has carved out a broad multi-month range between roughly 1.3150 and 1.3870 since late January, with the latest leg fading from the 1.3870 high in mid-April back toward the middle. Price now sits below both EMA20 and EMA50 around 1.3496, with the 1.3590 area capping recent attempts and 1.3446 swing zone acting as the immediate floor. RSI mid-40s reflects the lack of directional conviction; renewed USD bid on Iran headlines has reinforced the rejection from the upper band.
Support: 1.3446, 1.3315, 1.3150
Resistance: 1.3590, 1.3870
What it said to watch
- Daily close below 1.3446 swing zone opens the april low at 1.3315
- Reclaim of EMA20 near 1.3590 would shift the read back toward the may high
- Sustained risk-off from Middle East headlines could accelerate USD demand