10:51 UTC
Range after uptrend, momentum lower · RSI 44 · price 1.15211
Drifting to range base below the 1.18 cap.
The strong advance from the early-2025 low near 1.0210 to the 1.2083 prior high has matured into a range capped by the 1.18 range top since mid-2025. Price now sits at the lower edge near the 1.1510 channel base, pressured by a firm USD after the NFP beat, with the W1 EMA50 around 1.1660 capping rebounds. A sustained loss of the channel base exposes the 1.1414 swing low.
Support: 1.1510, 1.1414
Resistance: 1.1660, 1.1800, 1.2083
What it said to watch
- Weekly close below 1.1510 opens the channel base toward the 1.1414 swing low
- Reclaim of 1.1660 EMA50 would neutralise the current decline
- ECB decision Thu and US CPI Jun 10 could materially shift this read