21:00 UTC
Uptrend, momentum slowing · RSI 42 · price 1.16375
Range after April rally.
Quarter-long uptrend off the March 1.1410 low has stalled, with price drifting into a multi-week range between 1.1590 and 1.1788. EMA(20) and EMA(50) have flattened and price slipped back below both over the past two weeks, while RSI(14) sits in the low 40s after failing to confirm the April high. Tape now consolidates near the lower half of the range with Fed-speak (Cook, Jefferson) and the BOJ IMES conference in focus.
Support: 1.1588, 1.1509, 1.1411
Resistance: 1.1788, 1.1849
What it said to watch
- Daily close below 1.1588 swing low confirms a lower-low and breaks the range
- Daily close back above 1.1788 range top reopens the path toward the prior 1.1849 high
- Jefferson and Lane fireside chat in Tokyo overnight could materially shift this read
- Fed Cook's hawkish hike-risk comments keep USD-side headline risk live