EURUSD has held a 1.1500-1.1590 band all week, with Thursday's recovery off the 1.1507 low stalling twice at the 1.15850-1.15895 range cap into the NY session. Price has since coiled into a tight consolidation around 1.1574 and drifted back below EMA(20), leaving RSI(14) flat near the midline. The post-ECB pop faded as USD reasserted, keeping the range ceiling intact.
Support: 1.1557, 1.1531, 1.15068
Resistance: 1.1585, 1.15895
What it said to watch
H1 close above 1.15895 invalidates the range read and reopens upside
Failure to hold 1.15570 exposes the 1.15310 swing low
EUR/USD recovered off Thursday's 1.1503 spike low into the NY session, tagging 1.1589 before fading back to consolidate near 1.1570. Price now sits just under the EMA20 with RSI(14) cycling around the mid-line, leaving the 1.1500-1.1590 weekly band intact after the post-ECB pop faded. The range ceiling has capped two attempts this week.
Support: 1.1557, 1.1500
Resistance: 1.15732, 1.1589
What it said to watch
H1 close above 1.1589 reopens range-ceiling break
Failure to hold 1.1557 swing low exposes the 1.1500 floor
FOMC Wed 17 Jun is the dominant catalyst for this range
10:58 UTC
Range-bound, near week highs · RSI 52 · price 1.15673
Consolidating below 1.1589 ceiling.
EUR/USD reclaimed the upper half of this week's 1.1500-1.1590 band after a sharp recovery off the 1.1503 dip during Thursday's NY session, helped by the soft US core CPI print and fading USD demand. Price has since stalled, with the 1.1589 area capping twice to leave a double top against the range ceiling and RSI(14) flattening near 50. Holding above EMA(50) but coiling just below EMA(20) into a tight Friday range.
Support: 1.1565, 1.1551, 1.1500
Resistance: 1.1589, 1.1585
What it said to watch
H1 close above 1.1589 invalidates the range-ceiling cap and reopens upside
Loss of 1.1565 exposes the 1.1551 EMA(50) and 1.1500 weekly floor
FOMC Wed 17 Jun and Retail Sales could materially reset this range read
EUR/USD has spent the back half of the week pinned in a tight 1.1570–1.1575 band, capped twice near 1.1589 — the week high and the post-ECB ceiling. Price slipped back under EMA(20) into the close with RSI(14) drifting to the mid-40s, but the 1.1500 range floor remains untouched. The 1.1500–1.1590 band that has held since Monday is the dominant structure, with the in-line ECB hike and firm US data leaving the pair coiled into FOMC week.
Support: 1.15573, 1.1550, 1.1530
Resistance: 1.1572, 1.15895
What it said to watch
H1 close above 1.15895 reopens the week-high resistance break
Failure to hold 1.15573 puts the 1.1500 range floor in focus
FOMC Wed 17 Jun is the dominant catalyst and could break this range either way