21:01 UTC
Recovery uptrend off June low · RSI 61 · price 1.15571
Higher lows since June, pressing resistance.
EUR/USD has climbed off the mid-June low near 1.1355, reclaiming the EMA50 and building a chain of higher lows through late July. Friday's shock US NFP miss (-23K vs +80K) accelerated the leg to a three-week high, and price is now stalling into the 1.1565 resistance cluster after four sessions of tight consolidation between roughly 1.1500 and 1.1580. RSI near 61 leaves room before overbought.
Support: 1.1500, 1.1450, 1.1355
Resistance: 1.1565, 1.1600
What it said to watch
- Daily close above 1.1565 opens the path toward 1.1600
- Rejection at 1.1565 with a slip below 1.1500 shifts back to range trade
- US CPI Wed Aug 12 could materially reshape this read