Every read JAFX AI made on the EUR/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Downtrend, consolidating at lows · RSI 44 · price 1.13833
Lower highs / lower lows since mid-March, now ranging.
Downtrend since the mid-March high at 1.1849, with price holding below a falling EMA(50) and printing a lower low near 1.1325 in June. The last several sessions have consolidated in a 1.1360–1.1450 band; yesterday's soft US CPI failed to lift EUR meaningfully as oil-driven USD demand and eurozone terms-of-trade concerns kept it capped. Price now sits at the base of that range near 1.1380, holding the 3wk high at 1.1472 as the ceiling.
Support: 1.1325, 1.1210
Resistance: 1.1450, 1.1472
What it said to watch
- Daily close below 1.1325 confirms a fresh lower low and opens the 1.1210 area
- Close back above the 1.1450 range top negates the consolidation-at-lows read
- German HICP (Wed) and Warsh testimony could materially shift this read
21:01 UTC
Downtrend, consolidating near lows · RSI 39 · price 1.13833
Lower highs/lower lows since April peak.
EURUSD has been in a multi-month downtrend since the April peak near 1.1849, price holding below a falling EMA(50) throughout the descent. The last three weeks have compressed into a 1.1325-1.1450 range as USD demand from Gulf/oil risk offset ECB hawkishness. Price is pressing the lower half of that range after the soft US CPI failed to lift EUR decisively off 1.138.
Support: 1.1360, 1.1325, 1.1210
Resistance: 1.1450, 1.1472
What it said to watch
- Daily close below 1.1325 confirms a fresh lower-low and opens the 1.1210 break target
- Daily close above 1.1450 range top would neutralise the downtrend read toward 1.1472
- German HICP Wed 07:00 GMT — a soft print alongside firmer energy is the key EUR-negative swing factor