Higher highs post-breakout, now ranging under resistance.
EUR/USD spiked to 1.1580 on Friday's shock US NFP (-23K vs +80K), then handed back the extension to consolidate in the low 1.1550s. Price is now pressing the 1.1560/1.1565 resistance cluster with RSI holding above 50; the week's range floor near 1.1550 has capped downside on each dip. The move is USD-repricing driven rather than euro-specific.
Support: 1.15499, 1.1524, 1.1495
Resistance: 1.1565, 1.15804
What it said to watch
H1 close above 1.1565 opens the path toward 1.1600
EUR/USD ground higher all week off Monday's 1.1502 low before Friday's -23K US NFP shock fired a single-bar breakout to 1.15804, repricing Fed hike odds lower. Price has since pulled back and consolidated in the 1.1555/1.1565 area on thin weekend flow, holding above EMA20 and EMA50 with RSI(14) cooling from the spike into the mid-50s. The 1.1560/1.1565 resistance cluster remains the ceiling capping the run at 1.1600.
Support: 1.1543, 1.1524, 1.1495
Resistance: 1.1565, 1.15804, 1.1600
What it said to watch
H1 close above 1.1565 cluster opens the path toward 1.1600
Loss of the EMA20 near 1.1543 and a break of 1.1524 shifts into range trade
US CPI Wed 12:30 GMT could materially reshape this read
EUR/USD spiked to the 1.1580 week high on Friday's shock US NFP (-23K vs +80K), a USD-driven repricing of Fed hike odds, then unwound into a tight consolidation around 1.1560. Price is holding above EMA20 and EMA50 but the 1.1565 pivot cluster is capping follow-through, with the session low at 1.1550 marking the base of the range. RSI has cooled from the spike into the high-50s as the range compresses.
Support: 1.1550, 1.1524, 1.1507
Resistance: 1.1565, 1.1580
What it said to watch
Hourly close above 1.1565 pivot opens the path toward 1.1580 and 1.1600
Failure to hold 1.1550 exposes the 1.1524 swing low and a shift to range trade
US CPI Wed 12:30 GMT could materially shift this read
Range breakout, now consolidating below week high.
Price coiled in a tight 1.1520/1.1525 range for two days before Friday's NY session shock NFP (-23K vs +80K) forced a Fed-repricing spike straight to 1.1580. Since then EUR/USD has consolidated in a shallow band above EMA(20), holding higher lows into the 1.1565 resistance cluster while RSI(14) unwinds from overbought. The week high at 1.1580 and the 1.1565 pivot cap follow-through for now.
Support: 1.1550, 1.1524, 1.1495
Resistance: 1.1565, 1.1580, 1.1600
What it said to watch
H1 close above 1.1565 opens the path toward 1.1600
Failure to hold 1.1550 and a dip below 1.1524 shifts back into range
US CPI Wed 12:30 GMT could materially reshape this read
EUR/USD gapped higher on Friday's shock -23K US NFP print, spiking to 1.15804 before settling into a tight consolidation between the 1.1552 base and the 1.1565 pivot cluster. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s, but the two attempts back toward 1.1565 have stalled, keeping the dense resistance zone intact. The move is USD-repricing driven, not euro-specific.
Support: 1.15525, 1.15204, 1.1495
Resistance: 1.1565, 1.15804, 1.1600
What it said to watch
H1 close above 1.15650 opens the path toward 1.16000
Failure to hold the 1.15525 range base exposes 1.15204
US CPI Wed Aug 12 could materially shift this read