09:30 UTC
Uptrend, momentum slowing in upper range · RSI 60 · price 1.16487
Higher highs since Q1, now consolidating below 1.20.
Multi-quarter uptrend from the Q1 2025 reversal off 1.02, with price extending to 1.2080 in January before settling into a higher range between 1.15 and 1.19. EMA(50) on W1 is rising and price holds well above it — macro structure constructive, no regime break. Recent weeks show consolidation in the upper half of the channel, with buyers stepping in around 1.1500 and supply capping near 1.1830.
Support: 1.1500, 1.1410
Resistance: 1.1830, 1.1920, 1.2080
What it said to watch
- Weekly close below 1.1500 psych/swing breaks the consolidation floor and opens the Feb swing low at 1.1410
- Weekly close above 1.1830 prior high reopens the path to the Jan peak at 1.2080
- June ECB and FOMC meetings could materially shift this read