21:00 UTC
Downtrend stalling, range-bound · RSI 44 · price 1.16327
Lower highs since 1.1796, basing above 1.1580.
EURUSD has been carving out a tight range between 1.1576 and 1.1669 for nearly two weeks after rolling over from the 1.1796 prior high. Friday's push to 1.1685 failed and price closed back inside the range, reinforcing the resistance ceiling, while Monday's ISM-driven dollar strength is pressing price back toward the lower half of the range. ATR(14) compression alongside flattening EMAs points to a contained structure with breakout pending.
Support: 1.1605, 1.1576, 1.1500
Resistance: 1.1669, 1.1685, 1.1796
What it said to watch
- H4 close above 1.1669 range high would neutralise the lower-high sequence
- Loss of 1.1576 swing low opens path toward 1.1500 psych
- Persistent US-Iran headline risk could materially shift this read