Every read JAFX AI made on the EUR/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:02 UTC
Uptrend stalled, correcting lower · RSI 43 · price 1.14276
Rolled off Q1 2026 peak, lower highs.
The 2025 rally from the 1.02 area peaked at the 1.2083 cycle high in Q1 2026 and has since rolled over into a sequence of lower highs, leaving price at 1.1428 in the lower half of the range. Price trades below both W1 EMA(20) and EMA(50), so the macro uptrend has stalled and is now correcting, with the 1.1400 round number the immediate pivot. The Q2 low at 1.1324 marks the key floor, while 1.1500 and the 1.1800 prior high cap any recovery.
Support: 1.1400, 1.1324
Resistance: 1.1500, 1.1800, 1.2083
What it said to watch
- weekly close below 1.1324 ytd low opens fresh downside
- reclaim of 1.1500 needed to break the lower-highs sequence
- FOMC Jul 29 is a macro catalyst that could shift this regime
19:02 UTC
Uptrend in correction · RSI 41 · price 1.14276
Lower highs off cycle peak, testing fib.
The Q1-2025 rally from 1.02 topped at the 1.2083 cycle high in Q1-2026 and has since reverted; price at 1.1428 now sits below both the W1 EMA20 and the rising EMA50, marking a correction within the larger uptrend. The pullback is holding around the 38.2% fib of the 1.02–1.2083 advance near 1.1367, with the 1.1324 swing low the last defence beneath. A rounded-top rollover off the 1.1833 prior high keeps supply overhead into next week's FOMC.
Support: 1.1367, 1.1324, 1.1400
Resistance: 1.1650, 1.1833, 1.2083
What it said to watch
- Weekly close below 1.1324 swing low confirms deeper reversion
- Reclaim of 1.1650 swing high needed to challenge the rounded-top read
- FOMC Jul 29 could materially shift this macro read