EUR/USD AI Live Scan, 1-hour chart, Thursday, 22 October 2026

Every read JAFX AI made on the EUR/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

22:01 UTC

Sideways, lower high in place · RSI 45 · price 1.12175

1.1186–1.1260 weekly range, flat base and lower highs.

EURUSD has rotated around the 1.1211 weekly open in a 1.1186–1.1260 range, and the week low near 1.1186 has held twice: on Monday's London-open drop and again at Thursday's NY open, a potential double bottom. Thursday's slide from the 1.1256 Asia-session lower high came on firm oil, French spread stress and a soft EZ consumer confidence print (-17.9 vs -17). The NY rebound stalled at 1.1231, near the 61.8% retracement of that slide, and price now sits on EMA(20), below EMA(50), with RSI(14) in the mid-40s.

Support: 1.1211, 1.1200, 1.1186

Resistance: 1.1231, 1.1256, 1.1260

What it said to watch

  • An H1 close above the 1.1231 NY high and the 61.8% fib reopens the 1.1256 lower high and the 1.1260 week high; the lower-highs line caps there
  • Losing the weekly open and the 1.1200 psych level after Thursday's false break below it, then breaking the 1.1186 week low along the range base, would void the double bottom read
  • Friday's EZ flash PMIs (07:15–08:00 UTC) and the US PMIs and UoM data (13:45–14:00 UTC) could materially shift this read

21:01 UTC

Sideways, momentum turning lower · RSI 43 · price 1.12163

1.1180–1.1260 weekly range; Thursday lower high, rebound capped at 61.8%.

EUR/USD has held a 1.1180–1.1260 range since Monday's 1.1190 open. Thursday's Asia-session push to the 1.1256 thu high printed a lower high under Tuesday's 1.1260 week high, then slid to the 1.1188 thu low into the NY open as oil, wider French spreads and the soft EZ consumer confidence print weighed. The rebound stalled at the 1.1231 rebound high, the 61.8% fib of Thursday's drop, and price now sits back on the 1.1200 round number just below EMA(20) near 1.1220, with RSI(14) near 43.

Support: 1.1200, 1.11883, 1.11803

Resistance: 1.12311, 1.12556, 1.12603

What it said to watch

  • H1 close below the 1.1188 thu low exposes the 1.1180 weekly low and the range base
  • Recovery through the 1.1231 rebound high and the 61.8% fib reopens the 1.1256 thu high and 1.1260 week high
  • Another rejection under the lower highs line keeps the range top capped
  • Friday flash PMIs (EZ 07:15–08:00 UTC, US 13:45 UTC) could materially shift this read

20:01 UTC

Range-bound, slightly heavy below EMAs · RSI 45 · price 1.12185

Contracting range: lower highs vs higher lows.

Since Monday's gap-lower open, EURUSD has held a 1.1180–1.1260 range. Lower highs at the week high (1.1260, Tue NY) and the Thu high (1.1256) are pressing against higher lows at the week low (1.1180) and the Thu low (1.1188). Thursday's Asia push above 1.1250 met rejection, and the slide ran through London into the NY open on firm oil, French spread stress and the soft consumer confidence miss. The late-NY rebound stalled at the 1.1231 rebound high, near the 61.8% of the Thu drop fib. Price now sits just under EMA(20) and EMA(50) at the 1.1200 round number, with RSI(14) around 45.

Support: 1.1200, 1.11883, 1.11803

Resistance: 1.12311, 1.12556, 1.12603

What it said to watch

  • H1 close below the Thu low at 1.1188 puts the week low at 1.1180 and the higher lows line in play
  • Recovery through the 1.1231 rebound high reopens the Thu high at 1.1256 and the lower highs line toward the week high
  • Repeated H1 closes under the 1.1200 round number would shift the read from range to breakdown pressure
  • Fri EZ flash PMIs from 07:15 UTC and US flash PMIs at 13:45 UTC could materially shift this read

19:01 UTC

Range-bound, no directional trend · RSI 45 · price 1.1221

1.1186–1.1260 range; range top rejected twice, floor held twice.

Since Monday's gap-down open near the 1.1180 week low, price has rotated inside 1.1186–1.1260. Tuesday's NY spike to the 1.1260 week high and Thursday's Asia push to 1.1256 were both rejected at the range top. Thursday's London-to-NY slide on firm oil, wider French spreads and the soft consumer confidence miss broke psych 1.1200 to a 1.1188 thu low, matching Monday's London low, before an NY-afternoon reclaim back to EMA(20) at 1.1221, about half of the day's drop, with EMA(50) at 1.1224 just above and RSI(14) near 45.

Support: 1.1200, 1.1188, 1.1180

Resistance: 1.1224, 1.1240, 1.1260

What it said to watch

  • Friday's flash PMIs (EZ 07:15–08:00 UTC, US 13:45 UTC) and the UoM inflation expectations at 14:00 UTC could materially shift this read
  • H1 close back below psych 1.1200 turns Thursday's reclaim into a failed false break
  • Close below the 1.1186–1.1188 range floor (thu low) exposes the 1.1180 week low
  • H1 close above the ema50 and the 61.8% retracement near 1.1230 brings the 1.1240 wed high into play
  • A sustained break of the 1.1260 week high invalidates the range-top read

18:10 UTC

Range-bound, mid-band recovery · RSI 51 · price 1.12237

1.1186–1.1260 range; Thursday lower high, floor held again.

EUR/USD has rotated inside a 1.1186–1.1260 band since Sunday's gapped open near 1.1190. Monday's and Thursday's lows both held the range floor, while Tuesday's spike to the range top and Thursday's Asia-session push to the 1.1256 thu high were both rejected. Thursday's slide through London into the NY open came on French spread stress and a firmer USD; the NY-session rebound has since retraced just over 50% of that drop, putting price back on EMA(20) at 1.1221 and a flat EMA(50), with RSI(14) near 51 in line with a mid-range position.

Support: 1.1221, 1.1214, 1.1188

Resistance: 1.1240, 1.1256, 1.1260

What it said to watch

  • Hourly close below the 1.1214 wed low puts the 1.1188 range floor back in play
  • Thursday's NY high at 1.1231 sits on the 61.8% retracement; acceptance above it and the 1.1240 wed high opens the path to the 1.1256 thu high and the 1.1260 range top
  • A break below the range floor near 1.1186 would end the range read
  • Friday flash PMIs (EZ 07:15–08:00 UTC, US 13:45 UTC) and UoM inflation expectations at 14:00 UTC could resolve the range

17:02 UTC

Range-bound, sold off from Thursday's high · RSI 42 · price 1.12117

1.1180–1.1260 weekly range, marginal lower high, floor retested.

EUR/USD has held a 1.1180–1.1260 range since Monday's gap-lower open. Tuesday's NY spike to the 1.1260 week high and Thursday's Asia-session high at 1.1256 form a marginal lower high. London and NY then sold Thursday's high back to 1.1188, the range floor first tested at Monday's London open, as French spread stress and a USD rebound from three-week lows weighed. The late-NY bounce has stalled near the 38.2% fib of Thursday's sell-off at 1.1214, below EMA(20) at 1.1219, with RSI(14) near 42.

Support: 1.1188, 1.1180

Resistance: 1.1219, 1.1238, 1.1260

What it said to watch

  • H1 close below the 1.1188 range floor and the 1.1180 week low breaks the weekly range
  • Recovery above EMA(20) at 1.1219 and the prior close at 1.1238 (last week's) would put the 1.1260 week high and the lower-highs line back in play
  • Friday's flash PMIs: EZ 07:15–08:00 UTC, US 13:45 UTC; Cipollone at 14:00 UTC could materially shift this read

14:02 UTC

Range broken lower, downside momentum building · RSI 31 · price 1.11909

Lower highs at 1.1260/1.1256; Mon–Wed range floor broken.

After Monday's gap down to the 1.1190 weekly open, EURUSD held a 1.1202–1.1240 range through Wednesday. Tuesday's spike to the 1.1260 week high on soft US housing data faded, and Thursday's Asia session stalled at a lower high near 1.1256. The Thursday decline built through London and broke the range floor near 1.1203 late in the session, with French spread stress and the oil spike weighing on EUR, and it extended in the first hour of NY. Price is now back at the weekly open and below EMA(20) near 1.1220, with RSI(14) near 31 but not yet oversold.

Support: 1.11902, 1.11803

Resistance: 1.1203, 1.1220, 1.12603

What it said to watch

  • H1 close back above the 1.1203 range floor would turn Thursday's break into a false break
  • Failure to hold the 1.1190 weekly open exposes the 1.1180 week low
  • Recovery through the ema20 near 1.1220 and the 50% retrace of the Thursday decline (~1.1224) would ease the lower-highs read
  • Friday flash PMIs (EZ 07:15–08:00 UTC, US 13:45 UTC) and the Moody's France review could materially shift this read

13:01 UTC

Range, sliding toward lower bound · RSI 35 · price 1.12039

1.1180–1.1260 weekly range; lower highs Tue/Thu, higher-low sequence broken today.

The week opened with a gap down to 1.1190 that filled during Monday's London session. Since then price has held a 1.1180–1.1260 range, with Tuesday's NY spike to 1.1260 and Thursday's Asia push to 1.1256 printing a lower high. Today's London selloff, driven by rising French yields and the oil rally, cut through the Wed low at 1.1214 and Tuesday's 1.1204 trough into a Thursday low at 1.1192. RSI(14) sits near 35 and price is below both EMAs, with the ema20 near 1.1225 now overhead.

Support: 1.1192, 1.1180

Resistance: 1.1214, 1.1225, 1.1256

What it said to watch

  • H1 close below the week low at 1.1180 breaks the range floor and exposes 1.1170
  • Recovery back above the Wed low at 1.1214 and the ema20 near 1.1225 restores the mid-range read
  • A move through the 1.1256 lower high breaks the lower-highs line
  • US Consumer Confidence at 14:00 UTC today, then Friday's EZ/US flash PMIs and Moody's France review, could materially shift this read

12:01 UTC

Range, sharp leg lower into the floor · RSI 34 · price 1.11998

1.1186–1.1260 weekly range; lower highs from Tuesday, price now on the range floor.

Thursday's Asia-session push to 1.1256 stalled below Tuesday's 1.1260 week high, extending the lower highs. London then ran a 63-pip sell-off to 1.1192, cutting through Tuesday's 1.1204 low and back to the weekly open, as the oil spike and French fiscal risk weighed on EUR despite a soft dollar. Price now sits below EMA20 near 1.1226 with RSI(14) at 34, just above Monday's 1.1186 week low.

Support: 1.11902, 1.11862

Resistance: 1.12041, 1.1226, 1.12603

What it said to watch

  • H1 close below the 1.1186 week low breaks the weekly range floor and opens 1.1170
  • Reclaim of the 1.1204 tuesday low and EMA20 at 1.1226 returns price to the range middle
  • Holding the weekly open at 1.1190 keeps the Monday–Thursday range intact
  • US Initial Jobless Claims at 12:30 UTC and EZ Consumer Confidence at 14:00 UTC could shift this read
  • Flash PMIs from 07:15 UTC tomorrow are the next test of the range edges; a close above the 1.1260 week high would break the lower-highs sequence

11:01 UTC

Range-bound, momentum turning lower · RSI 40 · price 1.1215

1.1204–1.1260 range; Thursday lower high, higher-low line broken.

The week opened with a gap lower that filled within hours. Since the Monday low at 1.1186 in London, price has held a 1.1204–1.1260 range, with Tuesday's NY spike to the 1.1260 week high coming after the soft US housing data. Thursday's Asian push stalled at 1.1256 for a lower high, and London has since erased it, slipping below EMA(20) and the higher-lows line to test the Wednesday low at 1.1213, which sits on the 61.8% fib of the Monday–Tuesday advance. RSI(14) has rolled from the mid-60s to about 39 as French fiscal risk and firmer oil weigh on EUR despite a soft dollar.

Support: 1.1213, 1.1204, 1.1186

Resistance: 1.1230, 1.1256, 1.1260

What it said to watch

  • H1 close below the 1.1213 wed low breaks the higher-low sequence and exposes the 1.1204 Tuesday low, then the 1.1186 monday low
  • Recovery back above EMA(20) at 1.1230 returns price to mid-range and neutralises the London rejection
  • Supply has capped twice near 1.1256–1.1260 (thu high / week high); a close above that zone invalidates the lower-high read
  • US Initial Jobless Claims at 12:30 UTC and ECB's Panetta at 12:15 UTC could shift the read this session
  • Friday's flash EZ and US PMIs are the next scheduled test of the range

10:01 UTC

Sideways, momentum fading · RSI 41 · price 1.1219

Range 1.1214–1.1260 with a lower high on Thursday.

The week opened with a gap down to 1.1180 that filled within the Asian range. Since then price has rotated between the 1.1214 range low and Tuesday's NY spike to the 1.1260 week high, which came on the soft US housing data and faded. Thursday's Asia push stalled at 1.1256, a lower high, and the London session sold it back to the range low, below EMA(20) near 1.1232 and under the line of higher lows from Monday. RSI(14) is near 41, and the digest points to higher crude and French fiscal stress capping EUR despite a softer dollar.

Support: 1.1214, 1.1200, 1.1186

Resistance: 1.1232, 1.1256, 1.1260

What it said to watch

  • H1 close below the 1.1214 range low opens the 1.1200 round number and the 1.1186 monday low
  • Reclaim of ema20 at 1.1232 followed by a close above the 1.1256 lower high would revive tests of the 1.1260 week high
  • US Initial Jobless Claims at 12:30 UTC and ECB Panetta at 12:15 UTC could materially shift this read
  • Friday flash PMIs and the Moody's France review are the next scheduled tests of the range edges

09:02 UTC

Sideways, compressing after Tuesday's spike · RSI 51 · price 1.12336

Lower highs over higher lows inside a 1.1214–1.1260 box.

From the gapped-down 1.1190 weekly open, the Monday-Tuesday rally peaked at the 1.1260 week high in Tuesday's NY session on the US housing miss. Since then the Wed low at 1.1214 held near the 61.8% retracement, and Asia's push today stalled at a lower high, the 1.1256 thu high. London faded those gains as the oil spike weighed on EUR, leaving price pinned on a flat ema20 at 1.1235 with RSI(14) neutral at 51 and the higher low at 1.1226 under the rising line.

Support: 1.1226, 1.1214, 1.1190

Resistance: 1.1235, 1.1256, 1.1260

What it said to watch

  • H1 close above the 1.1260 week high breaks the lower-highs sequence
  • Loss of the 1.1226 higher low breaks the higher-lows line; the 1.1214 wed low is the next shelf
  • A slide back toward the 1.1190 weekly open would fully unwind the Monday-Tuesday rally
  • Panetta 12:15 UTC and US jobless claims 12:30 UTC could materially shift this read; Fri flash PMIs follow

08:01 UTC

Recovery from Monday low, momentum flattening · RSI 53 · price 1.12337

Higher lows into lower highs, compressing below 1.1260.

The week opened on a gap lower near 1.1190, and Monday's London session set the week low at 1.1186 before price recovered. Tuesday's NY rally after the soft US housing data tagged the 1.1260 week high and was rejected in the same bar. Since then, higher lows at 1.1204, the 1.1214 Wed lows (near the 61.8% fib) and the 1.1227 Thu low have met lower highs, including the 1.1256 Thu high set in the Asia session. That push faded into the London open, leaving price just under EMA(20) near 1.1236 with RSI(14) back near 53, while French spread risk keeps a lid on rallies.

Support: 1.1227, 1.1214, 1.1186

Resistance: 1.1256, 1.1260

What it said to watch

  • H1 close above the 1.1260 week high breaks the lower-high sequence and the compression read
  • Failure to hold the 1.1227 Thu low exposes the 1.1214 Wed lows and the 61.8% fib
  • A break below the higher lows line from the Monday week low would end the recovery structure
  • US Initial Jobless Claims at 12:30 UTC and ECB Panetta at 12:15 UTC could materially shift this read
  • Friday flash PMIs and the Moody's France review are the next scheduled range-break risks

07:02 UTC

Range with rising lows, highs capped · RSI 57 · price 1.12453

Higher lows since Monday's gap-down open, tops stalling at 1.1256–1.1260.

Since Monday's gap-down weekly open at 1.1190, EUR/USD has printed a run of higher lows along a rising trendline. Each push higher has stalled: Tuesday's NY-session spike to the 1.1260 week high on the weak US housing data was rejected, and Thursday's Asia push faded from 1.1256, the today high. Price holds above the 1.1238 prior close and EMA(20) with RSI(14) near 57, as a soft dollar offsets French fiscal stress on the euro side.

Support: 1.1238, 1.1214, 1.1190

Resistance: 1.1256, 1.1260, 1.1269

What it said to watch

  • H1 close above the 1.1260 week high breaks the cap and exposes the 1.1269 prior high
  • Loss of the 1.1238 prior close and the higher-lows trendline (~1.1223) puts the 1.1214 swing low and 38.2% of the weekly rise (~1.1230) in focus
  • A break of the 1.1214 swing low would reopen the 1.1190 weekly open
  • Panetta at 12:15 UTC and US jobless claims at 12:30 UTC; Friday flash PMIs and the Moody's France review could materially shift this read

06:02 UTC

Range with rising lows, pressing range top · RSI 62 · price 1.12502

1.1202–1.1260 range; higher lows since Tuesday, price testing the 1.1256–1.1260 cap.

The week opened with a gap lower to 1.1190 that filled in Monday's Asia session. Since then EUR/USD has held a 1.1202–1.1260 range with rising lows from Tuesday, while Tuesday's NY spike to the 1.1260 week high on the weak US housing data was rejected. Today's Asia session cleared Wednesday's 1.1240 wed high and reached a 1.1256 asia high, putting price back at the 1.1256–1.1260 cap with RSI(14) near 62 and price above EMA(20), as French spread stress and ECB hike pricing keep the pair boxed.

Support: 1.1240, 1.12271, 1.12137

Resistance: 1.12556, 1.12603, 1.12691

What it said to watch

  • H1 close above the 1.1260 week high breaks the range cap and opens the 1.1269 friday high
  • Slip back below the 1.1240 wed high returns price to the range interior and points to another rejection at the cap
  • Break of the 1.1227 thu low and the rising lows line near 1.1219 shifts focus to the 1.1214 wed low
  • ECB's Panetta at 12:15 UTC and US jobless claims at 12:30 UTC could move price off the cap
  • Friday's flash PMIs on both sides of the Atlantic are the next likely catalyst for a range break

05:01 UTC

Recovering from week low, capped below 1.1260 · RSI 60 · price 1.12432

Higher lows into a flat cap; range 1.1204-1.1260 compressing.

EUR/USD has recovered Sunday's gap down to 1.1180 and printed higher lows since, from the 1.1204 tue low to the 1.1214 wed low, which held near the 50% retracement of the week range. The week high at 1.1260, set in Tuesday's NY spike after the US housing misses, was tested again in today's Asia session. Price rejected at 1.1256, in line with the 1.1250-1.1260 cap tied to French fiscal stress, and is holding above the H1 ema20 near 1.1235 with RSI(14) around 60 as rising lows squeeze against the flat cap.

Support: 1.1235, 1.1214, 1.1204

Resistance: 1.1256, 1.1260

What it said to watch

  • H1 close above the 1.1260 week high breaks the series of lower highs and the range cap
  • A second rejection at the 1.1256 asia high, with a loss of the ema20 at 1.1235, keeps the range read intact
  • Break of the rising lows line and the 1.1214 wed low exposes the 1.1204 tue low and the 61.8% retracement of the week range near 1.1211
  • Panetta (12:15 UTC) and US jobless claims (12:30 UTC) today could shift this read; Friday's flash PMIs and Moody's France review add risk

04:02 UTC

Range-bound, higher lows building · RSI 58 · price 1.12432

Compressing range under the 1.1260 cap; lower-highs line cleared in Asia.

The week opened with a gap down to 1.1180 that filled during Monday's Asia session. H1 has since ranged roughly 1.1205–1.1260, and Tuesday's NY spike to the 1.1260 week high was rejected at the 1.1250–1.1260 cap held by French fiscal stress, with Wednesday's wed low at 1.1214 holding between the 50% and 61.8% of the Monday-Tuesday rally. Higher lows have stepped up each day, and Thursday's Asia push to 1.1243 has cleared the lower-highs line and the 1.1238 prior close, with price above EMA(20) near 1.1232 and RSI(14) at 58.

Support: 1.1238, 1.1232, 1.1214

Resistance: 1.1260, 1.1269

What it said to watch

  • An H1 close back below 1.1232 ema20 would mark the thin-hours Asia push as a false break inside the range
  • Failure to hold the 1.1214 wed low breaks the higher-lows line and reopens 1.1200
  • An H1 close above the 1.1260 week high breaches the October cap and exposes the 1.1269 prior high
  • Panetta (12:15 UTC) and US jobless claims (12:30 UTC) could shift this read; Friday's PMIs and Moody's France review are the larger tests

03:02 UTC

Sideways, range contracting · RSI 53 · price 1.12291

Lower highs vs higher lows, compressing between 1.1214 and 1.1240.

EUR/USD filled Monday's gap from the 1.1180 week low, then spiked to the 1.1260 tue high in Tuesday's NY session on soft US housing data and met rejection there. Since then it has compressed: lower highs from 1.1260 to the 1.1240 wed high, against higher lows from the 1.1204 tue low through the 1.1214 wed low. Price sits on flat EMA(20) and EMA(50), near the 38.2% retrace of the mon-tue leg, with RSI(14) at 53 and ATR(14) under 8 pips, as French spread stress offsets a soft dollar.

Support: 1.1214, 1.1204, 1.1180

Resistance: 1.1240, 1.1260, 1.1269

What it said to watch

  • H1 close above the 1.1240 wed high breaks the lower highs line and reopens the 1.1260 tue high
  • Failure to hold the 1.1214 wed low breaks the higher lows line and exposes the 1.1204 tue low, then the 1.1180 week low
  • A sustained move through 1.1260, capped repeatedly this month, brings the 1.1269 prior high into view
  • Panetta (12:15 UTC) and US jobless claims (12:30 UTC) today, then Friday's flash PMIs and the Moody's France review, could materially shift this read

02:01 UTC

Sideways, contracting after Tuesday spike · RSI 52 · price 1.12323

Lower highs and higher lows since Tuesday.

The week opened with a gap down to 1.1180. The gap was filled in Tuesday's NY session spike to the 1.1260 week high, which met rejection at the 1.1250-60 cap flagged in the macro read. Since then H1 has compressed between lower highs at 1.1260 and the 1.1240 wed high, and higher lows at the 1.1204 tue low and 1.1214 wed low. Price sits just above EMA20 near 1.1229 in a quiet Asia session, with RSI(14) flat around 52. French fiscal stress offset by a hawkish ECB, alongside a soft USD, explains the two-way chop.

Support: 1.1229, 1.12137, 1.12041

Resistance: 1.12404, 1.12603

What it said to watch

  • H1 close above the 1.1240 wed high breaks the lower-highs line and reopens the 1.1260 week high
  • Failure to hold the 1.1214 wed low and the higher-lows line exposes the 1.1204 tue low, near the 61.8% of the week impulse fib
  • Repeated H1 closes below ema20 at 1.1229 would shift the compression toward its lower boundary
  • US Initial Jobless Claims and ECB's Panetta around 12:15-12:30 UTC Thu could break the contraction
  • Fri flash PMIs and the Moody's France review carry gap risk for this range

01:02 UTC

Range-bound recovery, momentum flattening · RSI 57 · price 1.12344

Consolidation: lower highs from 1.1260 vs higher lows since Monday.

Monday's gap-down open set the week low at 1.1180. Tuesday's first-hour-of-NY spike to the 1.1260 high, on US-Iran deal hopes, was rejected short of the 1.1269 prev wk high, fitting the lower-highs cap the digest ties to French OAT stress. Since then H1 has compressed into a consolidation between lower highs off 1.1260 and a rising trendline from the 1.1204 Tuesday low, with Wednesday's London and NY lows at 1.1214 holding inside the 50–61.8% retracement of the week's impulse. Price sits at 1.1234, above EMA(20) and EMA(50), with RSI(14) near 57 and pressing the 1.1240 Wednesday high.

Support: 1.1214, 1.1204, 1.1180

Resistance: 1.1240, 1.1260, 1.1269

What it said to watch

  • H1 close above the 1.1240 Wednesday high and the lower-highs line reopens the 1.1260 Tuesday high, then the 1.1269 prev wk high
  • Failure to hold the 1.1214 Wednesday lows and the rising trendline exposes the 1.1204 Tuesday low and the 1.1200 zone
  • A move back toward the 1.1180 week low would unwind the week's impulse in full
  • US Initial Jobless Claims (Thu 12:30 UTC) and ECB's Panetta (12:15 UTC) could break the consolidation; Fri PMIs and the Moody's France review follow

00:02 UTC

Sideways, momentum flat after Tuesday spike faded · RSI 54 · price 1.12296

Contracting range: lower highs from 1.1260 against higher lows from 1.1204.

Tuesday's NY-session spike to the 1.1260 tuesday high on US-Iran deal hopes and weak US housing data was rejected below Friday's 1.1269 prior high. Since then price has compressed into lower highs at 1.1260 and the 1.1240 wed high, against higher lows at the 1.1204 swing low and the 1.1214 wed low. The pullback is holding between the 50% and 61.8% retracement of the mon-tue leg, with price sitting on a flat EMA(20) near 1.1229 and RSI(14) around 54. A soft dollar has not lifted the euro while French OAT stress weighs.

Support: 1.1214, 1.1204, 1.1190

Resistance: 1.1240, 1.1260, 1.1269

What it said to watch

  • H1 close below the 1.1214 wed low breaks the higher-lows line and exposes the 1.1204 swing low and the 1.1200 zone
  • H1 close above the 1.1240 wed high breaks the lower-highs line, putting the 1.1260 tuesday high and 1.1269 prior high back in play
  • Loss of 1.1204 reopens Monday's week open gap area near 1.1190
  • Thu ECB Panetta 12:15 UTC and US jobless claims 12:30 UTC; Fri flash PMIs and Moody's France review could materially shift this read

All markets that day · Today’s EUR/USD Live Scan in the terminal