09:16 UTC
Uptrend, momentum slowing near range top · RSI 60 · price 1.17868
Ascending from late-Apr low, capped under 1.1800.
Higher-low structure intact since the 1.16547 swing low ten days ago, with EMA20 holding as dynamic support and price grinding back toward the 1.1797 swing high. The advance is taking a wedge shape and momentum is fading — RSI is making a lower high while price prints higher highs. NFP surprise on Friday produced a sharp rejection wick from 1.1797 but buyers reclaimed into the close, leaving the range top unresolved.
Support: 1.1744, 1.1722, 1.1688
Resistance: 1.1797, 1.1823, 1.1849
What it said to watch
- H4 close above 1.1797 swing high opens path to 1.1823 prior high then 1.1849 range high
- Loss of 1.1744 ema20 exposes 1.1722 swing low
- Break below 1.1688 ema50 invalidates the uptrend read
- US CPI next week is the key catalyst for this range