09:19 UTC
Broad range, mid-range drift · RSI 44 · price 1.36731
Multi-quarter range with lower highs since Feb peak.
Range-bound between roughly 1.3480 and 1.4200 since early Q2 2025, with price now sitting in the lower half of that range at 1.3673. The Feb 2025 spike to 1.4793 marked the cycle high and a sequence of lower highs has formed since, while EMA(50) sits overhead near 1.4178 — macro structure has lost the bullish edge it carried through 2024. RSI in the mid-40s offers no extreme signal at this scale.
Support: 1.3540, 1.34812
Resistance: 1.4000, 1.41776
What it said to watch
- Weekly close below 1.3540 range low confirms a lower-low and breaks the multi-quarter base
- Reclaim of 1.4000 psych and EMA(50) near 1.4178 needed to neutralise the lower-highs sequence
- US CPI prints in coming weeks remain the dominant macro driver for this pair