21:01 UTC
Uptrend, momentum extending · RSI 65 · price 1.15393
Higher highs / higher lows after range break.
EUR/USD broke out of the multi-week 1.1380-1.1480 range on the post-FOMC USD selloff, extending to a fresh six-week high at 1.1547 with EMA20 stretched above EMA50. Sticky euro-area inflation added support, but the digest flags the pullback below 1.1500 as USD short-covering emerged. ATR(14) has expanded as the trend accelerated off the 1.1353 swing low.
Support: 1.1500, 1.1455, 1.1385
Resistance: 1.1547
What it said to watch
- H4 close back below the 1.1500 pivot would signal breakout failure
- Sustained hold above the 1.1547 swing high opens the path higher
- ISM Manufacturing (Aug 3, 14:00 UTC) could shift the USD side and this read