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
Range-bound, no clear trend · RSI 52 · price 1.16091
Multi-month range 1.1500–1.1690.
EURUSD has been pinned in a multi-month range between 1.1500 and the 200-day cap near 1.1690 since the early-March slide to 1.1410 and subsequent recovery. Price is consolidating around 1.1600, sitting just above EMA20 but below a flat EMA50, with RSI mid-range — neither side has resolved the range. A hawkish FOMC dot-plot today underpins the dollar and keeps the euro capped, with repeated weekly stalls at 1.1690 unbroken.
Support: 1.1500, 1.1410
Resistance: 1.1690
What it said to watch
- D1 close above 1.1690 200-dma cap would negate the range ceiling
- D1 close below 1.1500 range floor opens path to the 1.1410 February low
- Hawkish FOMC follow-through keeps USD bid, pressuring toward 1.1500
21:01 UTC
Range, no clear trend · RSI 53 · price 1.16091
Rangebound between 1.1500 and 1.1690.
EUR/USD has been locked in a 1.1500–1.1690 range for the better part of two months after the February–March slide bottomed at 1.1410. Price sits mid-range near 1.1609, just under a flat EMA(50) and the 200-dma cap at 1.1690 that has rejected every weekly attempt higher. The hawkish FOMC dot-plot shift this week added a USD bid, keeping the euro pinned despite a fully-priced ECB hike.
Support: 1.1500, 1.1518, 1.1410
Resistance: 1.1690
What it said to watch
- Daily close above the 1.1690 200-dma cap invalidates the range-top read
- Failure to hold 1.1500 range floor opens the path toward the 1.1410 March low
- FOMC follow-through and Thu jobless claims/Philly Fed could shift the USD leg driving this range