EUR/USD AI Live Scan, daily chart, Thursday, 4 June 2026
Every read JAFX AI made on the EUR/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:01 UTC
Downtrend stalling into consolidation · RSI 46 · price 1.16115
Range within broader lower-high sequence.
EURUSD has spent the last two-plus weeks pinned in a tight 1.1580–1.1665 band after rolling over from the April 1.1849 high, with price trading below a flattening EMA(50). The broader structure is a sequence of lower highs since mid-April, consistent with the firmer-USD regime as resilient US data and hawkish Fed pricing cap the pair despite the locked-in ECB June hike. Momentum is neutral-to-soft, RSI mid-range, with no fresh impulse off the recent lows.
Support: 1.1580, 1.1410
Resistance: 1.1665, 1.1790
What it said to watch
Daily close below 1.1580 confirms a lower low and reopens the March 1.1410 region
Daily close above 1.1665 breaks the multi-week range and challenges 1.1790
US NFP (~15h) and ECB decision Jun 11 could materially shift this read
21:03 UTC
Downtrend from January high, basing since mid-Feb · RSI 44 · price 1.16086
Lower-high sequence into 1.1500 base, range 1.1500–1.1790.
EURUSD has been carving a multi-month downtrend off the late-January 1.1974 high, with the sharp February drop establishing a 1.1500 floor. Since then price has rotated in a 1.1500–1.1790 range, printing successive lower highs near 1.1850 and 1.1790 while the EMA(50) on D1 caps from above. The last four sessions have drifted back toward the range low at 1.1594.
Support: 1.1594, 1.1500
Resistance: 1.1790, 1.1850, 1.1974
What it said to watch
Daily close below 1.1594 range low opens a retest of the 1.1500 feb swing low
Daily close above 1.1790 range high invalidates the lower-high sequence
RSI(14) still mid-range — no oversold signal yet at the lows
Lower highs since mid-Apr, range floor near 1.1590.
EURUSD has been in a stepwise downtrend since the late-January high near 1.1974, printing a clean sequence of lower highs into mid-May around 1.1789. The last three weeks have compressed into a tight range between the 1.1594 floor and the 1.1685 cap, with price sitting back below both EMAs and RSI hovering in the low 40s — momentum heavy but not yet capitulating.
Support: 1.1594, 1.1510
Resistance: 1.1685, 1.1789, 1.1850
What it said to watch
Daily close below the 1.1594 range floor opens the path back to the 1.1510 Mar swing low
Daily close above the 1.1685 range cap would break the multi-week lower-high sequence
Fed commentary (Daly) reinforcing 'behind the curve' inflation narrative remains a USD-supportive backdrop