21:01 UTC
Downtrend fading, base building · RSI 58 · price 1.38065
Multi-month range, recovery from Apr lows.
Price carved a rounded base through April-May after the late-March slide from 1.3966, with a double-bottom near 1.3580/1.3625 holding twice. The last two weeks have produced a steady grind back above EMA(20) and EMA(50), reclaiming 1.3800 and stalling at the 1.3820 recent high. Multi-month structure remains a broad 1.3550-1.3950 range with momentum now leaning higher inside it.
Support: 1.3730, 1.3625, 1.3550
Resistance: 1.3820, 1.3895, 1.3966
What it said to watch
- Daily close above 1.3820 recent high opens path to 1.3895 Mar high
- Loss of 1.3730 swing low would re-expose 1.3625 Apr low
- Failure at 1.3820 keeps the multi-month range intact