21:05 UTC
Uptrend, pausing below October highs · RSI 51 · price 0.82872
HH/HL chain since Aug low; Oct 22 higher low at 0.8191.
The advance off the 0.7950 aug low on Aug 20 has printed higher highs into 0.8382 on Oct 1 and 0.8395 on Oct 14. Those twin highs formed a double top, and the pullback reached the 0.8191 oct low on Oct 22. That low sits near the 38.2% retracement and the rising support; the daily close slipped below the 0.8227 Oct 2 low but was reclaimed the next session, a false break of the neckline. This week's rebound on Fed hawkishness and firmer yields has lifted price back above a rising EMA(50) and into the 0.8300 psych area, though USD eased after today's Fed hold and presser.
Support: 0.8191, 0.8052, 0.7950
Resistance: 0.8300, 0.8395
What it said to watch
- Daily close above 0.8300 psych reopens the 0.8382–0.8395 oct high zone
- Daily close below the 0.8191 oct low breaks the higher-low sequence and rising support, confirming the double top
- Loss of the oct low exposes the 0.8052 sept low, with the 0.7950 aug low as the base of the quarter's rally
- Thu 12:30 UTC core PCE/GDP and Swiss CPI on Nov 3 could materially shift this read