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.
21:02 UTC
Downtrend, momentum flattening · RSI 47 · price 1.14225
Multi-month decline basing into a range.
EURUSD has trended lower since the mid-April 1.1849 peak, printing a June low at 1.1324 with price capped below EMA(50). The last three weeks have flattened into a 1.1360-1.1450 range, price holding just under EMA(20) near 1.1422. ECB hawkish repricing is offset by a firm, oil-supported USD, keeping the pair pinned in its range with a bearish undertone.
Support: 1.1400, 1.1324, 1.1210
Resistance: 1.1450, 1.1525
What it said to watch
- Daily close below the 1.1390/1.1410 support zone opens the path toward 1.1210
- Close above 1.1450 range top needed to challenge the 1.1525 fib and shift the read
- US CPI (Tue) and German final HICP (Fri) could materially move this range
21:01 UTC
Downtrend, momentum flattening near lows · RSI 46 · price 1.14225
Lower highs since mid-April, consolidating above June low.
EURUSD has trended lower since the mid-April peak near 1.1849, carving lower highs into the late-June swing low at 1.1324 as a hawkish Fed and oil-driven USD bid capped the pair. The last two weeks have flattened into a tight 1.1360–1.1450 range with price pinned just below EMA20 and well under a falling EMA50. RSI has lifted off oversold to the mid-40s, reflecting the pause rather than a turn.
Support: 1.1390, 1.1324
Resistance: 1.1450
What it said to watch
- Daily close below the 1.1390 support zone opens the path to 1.1210
- Reclaim of the 1.1450 range top would challenge the descending sequence of lower highs
- US CPI on Jul 14 could materially shift this read via the USD leg