EUR/USD has trended up since Monday's open, with the dominant leg driven in Thursday's NY session on the post-Fed USD selloff, tagging a fresh 1.15586 week high. Price now consolidates just under that high, holding above a rising EMA(20) with RSI(14) cycling in the upper half rather than pressing extremes. The 1.1500 pivot has flipped to near-term support and continues to hold on pullbacks.
Support: 1.1500, 1.14844
Resistance: 1.15586, 1.1537
What it said to watch
H1 close above 1.15586 extends the week's uptrend toward fresh highs
Loss of 1.1500 pivot would break the higher-low sequence off Monday
US ISM Manufacturing (Aug 3, 14:00 UTC) could materially shift the USD-led read
EUR/USD has recovered its Friday dip below the 1.1500 pivot and reopened the new week probing last week's 1.15466 high, holding above the H1 EMA20 through the move. The advance has been USD-led — the post-Fed short-covering that dragged the pair back sub-1.1500 has faded — with sticky euro-area HICP keeping the broader bid intact. Price sits at a fresh session high near 1.1552 with RSI(14) firm in the low-60s.
Support: 1.1500, 1.1518, 1.14844
Resistance: 1.15466, 1.15527
What it said to watch
H1 close above the 1.15466 week high opens continuation
Loss of the 1.1500 pivot invalidates the breakout read
US ISM Manufacturing (Aug 3, 14:00 UTC) could materially shift this read
22:01 UTC
Uptrend, extending to new highs · RSI 64 · price 1.15517
Higher highs and higher lows since Monday.
EUR/USD has run higher all week off the post-Fed USD selloff and firmer euro-area inflation, printing a string of higher lows into the weekend. Price gapped up on Sunday's open and now trades at 1.1551, clearing last week's 1.1547 prior high in a breakout that RSI(14) near 63 still supports. The pullback to the 1.1484 swing low was bought back cleanly, keeping the 1.1500 pivot intact as the near-term floor.
Support: 1.1547, 1.1500, 1.1484
What it said to watch
H1 close back below 1.1500 pivot would negate the breakout read
Failure to hold above the 1.1547 prior high risks a false break into last week's range
ISM Manufacturing (Mon 14:00 UTC) is the next USD driver and could shift this read
21:01 UTC
Uptrend, momentum steady · RSI 59 · price 1.15393
Higher highs, consolidating below week high.
EUR/USD has trended higher since midweek, the dominant leg firing on Thursday's breakout above 1.1450 as the dollar short-covered less aggressively post-FOMC and sticky euro HICP underpinned the euro. Price pulled back below 1.1500 Friday but demand stepped back in, lifting spot to retest the 1.15466 week high into the current bar. RSI(14) is holding the upper half of its range and price sits above both EMA(20) and EMA(50).
Support: 1.1500, 1.14847, 1.1455
Resistance: 1.15466
What it said to watch
H1 close above 1.15466 opens the path to fresh week highs
Failure to hold 1.1500 pivot reopens 1.14847 swing low
ISM Manufacturing (Aug 3, 14:00 UTC) could materially shift USD direction and this read
21:01 UTC
Uptrend, momentum steady · RSI 61 · price 1.15393
Higher highs and higher lows, retesting week high.
EUR/USD has extended this week's uptrend off Monday's 1.1353 low, with the dominant leg coming on Thursday's NY-session breakout through 1.1500 — a USD-led move as the dollar slid post-FOMC. Price dipped back below the figure into Friday, but demand stepped in near 1.1484 and recovered it toward the 1.1546 session high. RSI is holding above 50 and price sits above both EMA20 and EMA50.
Support: 1.1500, 1.14844, 1.1353
Resistance: 1.15466, 1.1537
What it said to watch
Close back below 1.1500 reopens the 1.1484 swing low
Break and hold above 1.15466 extends the week's high
US ISM Manufacturing (Mon 14:00 UTC) could shift the USD-led read