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.
21:01 UTC
Broad range, mild downward drift · RSI 41 · price 1.16056
Choppy range, bounce off June low.
EURUSD has been ranging since the mid-March low at 1.1410, peaking near 1.1849 in April before drifting lower into the early-June low around 1.1500, where demand stepped in twice. The pair has since recovered back above 1.1600 as the US-Iran ceasefire and lower oil drained the dollar's safe-haven bid, with price now nudging its 10-day high near 1.1622. RSI sits in the low 40s and price hugs EMA20 while holding below a falling EMA50 — consistent with a sideways-to-soft structure.
Support: 1.1500, 1.1410
Resistance: 1.1622, 1.1700, 1.1849
What it said to watch
- Daily close above 1.1622 then 1.1700 would extend the recovery off the June low
- Failure to hold 1.1500 reopens the path toward the 1.1410 March low
- FOMC Wednesday is the dominant catalyst and could materially shift this read
21:01 UTC
Broad range, recovering off June low · RSI 51 · price 1.16056
Multi-month range, higher low forming.
D1 has been broadly ranging between roughly 1.1410 and 1.1850 for four months, with lower highs since the April 1.1849 peak and a higher low building off the early-June 1.1500 base. Price has bounced back above the EMA20 to 1.1606 as USD softness on US-Iran de-escalation and lower oil supports EUR, but it remains capped below the EMA50 and the 10-day high at 1.1622. Wednesday's Fed decision is the dominant catalyst into the rest of the week.
Support: 1.1500, 1.1410
Resistance: 1.1622, 1.1700
What it said to watch
- FOMC Wed is the dominant catalyst and can materially shift this read
- Daily close above 1.1622 10-day high opens the path toward 1.1700
- Failure to hold 1.1500 reopens the March low at 1.1410