19:02 UTC
Uptrend stalled, correcting since Q1 · RSI 43 · price 1.14371
Pullback off 1.2080 peak, lower highs.
The 2025 uptrend from the Q1 low near 1.0180 peaked at 1.2080 in Q1 2026, and price has since corrected multi-month to a low at 1.1320 before recovering toward 1.1440. Price now sits below W1 EMA50, signalling the macro trend has lost momentum after the rejection at 1.2080. Context has EUR range-bound with a soft undertone, capped near 1.1500 psych as the softer-USD tone (dovish FOMC minutes) limits downside.
Support: 1.1320, 1.1300
Resistance: 1.1500, 1.1830, 1.2080
What it said to watch
- Weekly close below 1.1320 swing low confirms a lower low and resumes the correction toward 1.1300 psych
- Weekly close above 1.1500 psych reopens the path toward 1.1830 prior high
- US CPI Tue could drive a USD-led leg and set the near-term direction