Every read JAFX AI made on the EUR/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:01 UTC
Sideways, range-bound · RSI 50 · price 1.14374
Multi-week range, mild higher-lows.
EURUSD has been pinned in a 1.1405-1.1480 range for the last two weeks, with the early-month recovery off 1.1325 giving way to lateral chop. A spike to 1.1482 was rejected and price has drifted back toward the mid-range near the EMA50, keeping RSI flat around 50 — ATR(14) is compressed, consistent with pre-event coiling into the July 23 ECB decision.
Support: 1.1405, 1.1380, 1.1325
Resistance: 1.1480, 1.1520
What it said to watch
- H4 close above 1.1480 range top opens the path to 1.1520
- Failure to hold 1.1405 pivot confirms a lower-low into the range base
- ECB decision Thu Jul 23 12:15 UTC could materially shift this read
21:01 UTC
Range-bound, momentum flat · RSI 49 · price 1.14374
Multi-day range, higher lows off month low.
EURUSD is pinned in a multi-day 1.1405-1.1480 range, holding a series of higher lows since the 1.1325 month-low recovery. The push to 1.1482 was rejected and price has drifted back toward the EMA20, with ATR(14) compressing as the market coils into the July 23 ECB decision. In-line HICP and firm US data have kept the pair balanced rather than trending.
Support: 1.1405, 1.1325
Resistance: 1.1480, 1.1520
What it said to watch
- H4 close above 1.1480 range top opens the path to 1.1520
- Failure to hold 1.1405 pivot confirms a lower-low
- ECB decision Jul 23 could materially shift this range read