21:01 UTC
Downtrend, bounce attempt · RSI 43 · price 1.14119
Lower highs / lower lows since mid-June.
EURUSD has been in a clear D1 downtrend since the mid-June break, chaining lower highs and lower lows from the 1.1620 pivot down to the 1.1324 swing low. Price sits below both EMA(20) and EMA(50) with both sloping lower; the last three sessions mark a modest bounce off 1.1324, stalling under the 1.1435 range top. Yesterday's soft Eurozone HICP undershoot (2.8% vs 3.0%) reinforced the dovish-ECB lean that has kept EUR pressured against a firm USD.
Support: 1.1324, 1.1210
Resistance: 1.1435, 1.1562
What it said to watch
- Daily close back above 1.1435 range top would neutralise the lower-high sequence
- Failure to hold 1.1324 swing low confirms continuation toward 1.1210
- US NFP Fri 12:30 UTC (f/c 110K) could materially shift this read