21:01 UTC
Downtrend, attempting base · RSI 44 · price 0.71617
Lower highs from 0.7277, basing above 0.7080.
Price has rolled over from the 0.7277 peak into a sequence of lower highs, with the latest rejection at 0.7200 reinforcing supply near the psych level. Buyers stepped in twice around 0.7080–0.7100 to form a basing zone, but the failure to hold above 0.7179 on Monday and the sharp wick into 0.7133 keep the swing tone heavy. ATR(14) is steady around 21 pips, no compression yet — range still expanding within the broader lower-high structure.
Support: 0.7133, 0.7108, 0.7079
Resistance: 0.7179, 0.7200, 0.7250
What it said to watch
- H4 close below 0.7133 session low opens path to the 0.7080 swing low
- Reclaim of 0.7179 prior high would neutralise the lower-high read
- Sustained move through 0.7200 psych needed to challenge the 0.7250 lower high