Higher-low printed at 0.5815, recent push to 0.5994 then retrace.
Price rallied from the 0.5815 range low through late May into a 0.5994 swing high, then saw a sharp rejection back to 0.5910 before stabilising near 0.5935. Structure remains a higher-low sequence above 0.5866, but the failure to hold above 0.5970 prior pivot leaves the recovery tentative. ATR is moderate and EMA50 still supports underneath while EMA20 caps overhead.
Support: 0.5918, 0.5866, 0.5815
Resistance: 0.5970, 0.5994, 0.5991
What it said to watch
H4 close back above 0.5970 prior pivot reopens the 0.5994 swing high
Loss of 0.5866 swing low breaks the higher-low sequence
Sustained acceptance below the recent low at 0.5918 signals deeper retrace toward 0.5815 range low
Higher-highs since mid-window low, pullback into prior breakout zone.
Price ran from the 0.5815 range low to a 0.5994 swing high, then sold off sharply through 0.5950 back into the prior breakout zone around 0.5910-0.5930. Structure is still higher-highs/higher-lows on H4 but momentum has cooled, with RSI back near 50 and the EMA20 capping the latest bounce. The 0.5910 swing low is the line that defines whether this is a healthy retest or a failed breakout.
Support: 0.5910, 0.5865, 0.5815
Resistance: 0.5994, 0.5991
What it said to watch
H4 close below 0.5910 swing low breaks the higher-low sequence
Reclaim of 0.5950 puts the 0.5994 swing high back in play
Rejection from EMA20 area near 0.5950 would confirm the pullback is still active
Price recovered sharply off the 0.5817 month low into a 0.5994 swing high but stalled there, forming a potential double top against the late-April 0.5991 peak. The last session printed a sharp rejection wick from 0.5966 down to 0.5911 before stabilising near 0.5933, breaking the short-term higher-low sequence. ATR(14) sits around 17 pips — typical H4 range — with RSI neutral, leaving structure mid-range between 0.5910 and 0.5994.
Support: 0.5910, 0.5865, 0.5817
Resistance: 0.5994, 0.5976, 0.5950
What it said to watch
H4 close back above 0.5976 prior high negates the double top read
Loss of 0.5910 swing low opens path to 0.5865 prior pivot
Failure to reclaim 0.5950 keeps the lower-high in play