EURUSD has carved higher highs and higher lows since the late-month low near 1.1365, accelerating after Friday's US NFP shock (-23K) that priced out Fed hike odds. Price tagged 1.1580 but faded back, and is now consolidating into the 1.1560/65 resistance cluster that has capped repeatedly. ATR is moderate and the pair sits above both EMA20 and EMA50, with buyers so far holding the rising higher-low line.
Support: 1.1515, 1.1500, 1.1495
Resistance: 1.1565, 1.1580, 1.1600
What it said to watch
H4 close above 1.1565 exposes the 1.1600 psych level
Failure to hold the 1.1515 swing low opens the 1.1495 pivot
US CPI Wed could materially shift this read via Fed repricing
05:02 UTC
Uptrend, momentum easing · RSI 57 · price 1.1549
Higher highs, higher lows; stalling below highs.
Higher-high, higher-low structure intact since the ~1.1353 swing low, the rally fed by broad USD weakness after Friday's -23K payrolls shock. Price tagged 1.15804 then rolled back, now consolidating just under the 1.1565 pivot and the 1.1580 recent high. Pullback is holding above rising support, keeping the uptrend structurally intact.
Support: 1.1495, 1.1440
Resistance: 1.1565, 1.1580, 1.1600
What it said to watch
H4 close above 1.1580 opens the path toward the 1.1600 psych level
Failure to hold the 1.1495 support confirms a lower low
US CPI Wed 12:30 UTC is the dominant catalyst and could materially shift this read
05:01 UTC
Uptrend, momentum slowing · RSI 55 · price 1.1549
Higher highs/lows, consolidating below range top.
Uptrend intact since the late-July lows near 1.1353, printing higher highs and higher lows into the 1.1580 swing high — the rally fuelled by broad USD weakness after Friday's -23K payrolls shock. Price is now consolidating below the 1.1565 pivot after rejecting 1.1580, with ATR moderating as the move digests. A clean break of 1.1565 remains the gate the digest flags into midweek risk.
Support: 1.1514, 1.1500, 1.1495
Resistance: 1.1565, 1.1580
What it said to watch
H4 close above 1.1580 opens the path toward 1.1600
Loss of 1.1500 round number breaks the higher-low sequence toward 1.1495 support
US CPI Wed and German HICP Wed could materially shift this read
Higher highs and higher lows since late-month low, stalling below swing high.
Uptrend intact since the late-month low near 1.1353, with the impulse extended after the shock -23K US NFP priced out Fed hike bets and pressured the dollar. Price has since stalled below the 1.1580 swing high and is consolidating into the 1.1560/1.1565 resistance cluster, holding above rising EMA20/EMA50. ATR remains elevated, consistent with a still-active trend rather than compression.
Support: 1.15144, 1.1495
Resistance: 1.1580, 1.1600
What it said to watch
H4 close above 1.1580 swing high opens the path toward the 1.1600 round number
Failure to hold the 1.15144 recent low shifts focus to 1.1495 swing low
US CPI Wed Aug 12 could materially shift this read