EURUSD has trended lower since the early-April peak near 1.1850, with a chain of lower highs and lower lows holding price below a falling EMA(50). The decline accelerated through the 1.1500 pivot last week after the hawkish Fed dropped its easing bias and rebuilt dollar longs, dragging price to the 1.1410 swing low. RSI(14) near 33 signals stretched, oversold conditions, leaving the pair vulnerable to a squeeze if sellers fail to extend.
Support: 1.1410, 1.1400
Resistance: 1.1500
What it said to watch
Daily close below 1.1410 swing low opens the 1.1210 zone
Reclaim of the 1.1500 prior pivot would question the downtrend
Eurozone flash PMIs Tue and US Core PCE Fri are the near-term catalysts for this read
EURUSD has been in a downtrend since the mid-April peak near 1.1850, printing a chain of lower highs and lower lows with price held below a downward-sloping EM(50). The hawkish-Fed repricing drove the decisive break of the 1.1500 pivot, and the pair is now grinding into the 1.1410 swing-low zone that capped the March selloff. RSI(14) sits in the mid-30s — deeply discounted on a daily basis but not yet a confirmed turn.
Support: 1.1410, 1.1210
Resistance: 1.1570
What it said to watch
Daily close below 1.1410 confirms a fresh lower-low and opens the path toward 1.1210
Reclaim of 1.1570 would break the lower-high sequence and challenge the downtrend read
EZ flash PMIs Tue and US Core PCE Fri are the near-term D1 catalysts