09:16 UTC
Uptrend, momentum slowing · RSI 60 · price 1.17868
Higher-low base under 1.20 ceiling.
EURUSD is in a multi-quarter uptrend off the early-2025 base near 1.02, with the macro regime decisively constructive after the Q1 breakout above 1.08. Since mid-year price has been consolidating in a 1.1410–1.2080 range, holding above a rising W1 EMA(50) near 1.1300 with RSI in the upper-50s — momentum present but no longer extended. The 1.1670 swing low has held as the higher-low pivot of this base, with the 1.20 psych zone and Jan 1.2080 high capping rallies.
Support: 1.1670, 1.1410, 1.1300
Resistance: 1.2080, 1.2000
What it said to watch
- Weekly close above 1.2080 Jan high opens path toward 1.25
- Loss of 1.1670 swing low signals failure of the higher-low base
- Sustained rejection at 1.20 psych extends the multi-quarter range
- US CPI next week could materially shift the macro read