21:04 UTC
Uptrend stalling, corrective pullback from October high · RSI 48 · price 0.82511
Double top 0.8382/0.8395, neckline 0.8225 tested; rising trendline broken.
The uptrend from the 0.7950 August 20 low capped at 0.8382 and 0.8395 in early and mid-October, forming a double top, and the October 15 drop broke the rising trendline from the August low. Price has since pulled back into the 0.8225 neckline, which lines up with EMA(50) and the 38.2% fib of the Aug–Oct swing. Thursday's close below the neckline was reversed Friday with a rejection off the 0.8192 October low as USD firmed on PMI and sentiment beats; price sits under EMA(20) near 0.8265 and RSI near 48 shows faded momentum rather than an oversold extreme.
Support: 0.8225, 0.8192, 0.8172
Resistance: 0.8265, 0.8300, 0.8395
What it said to watch
- Daily close below the 0.8192 October low confirms the double top and exposes the 50% fib near 0.8172
- Recovery above EMA(20) at 0.8265 and the 0.8300 round number would weaken the double top read
- Repeated daily closes back below the 0.8225 neckline shift structure from pullback to lower-low sequence
- FOMC Wed Oct 28 18:00 UTC: December-hike guidance vs a no-guidance hold could materially shift this read