21:02 UTC
Uptrend, momentum slowing · RSI 60 · price 0.8078
Higher highs and higher lows, pulling back from peak.
Six-week uptrend, price holding above a rising EMA(50) since the early-June breakout off the 0.7795 base. The June high at 0.8140 — an 11-month peak — capped the run, and price has eased back to 0.8078 over the last three sessions; the move is a USD story on hawkish Fed repricing against a dovish-leaning SNB. RSI cooling from elevated levels but the higher-low structure is intact.
Support: 0.8066, 0.8040, 0.7980
Resistance: 0.8140, 0.8170
What it said to watch
- Daily close above 0.8140 opens 0.8170 resistance
- Loss of 0.8040 breaks the rising trendline and signals a lower low
- Swiss CPI Thu and US NFP could materially shift this read