EUR/USD AI Live Scan, daily chart, Wednesday, 29 July 2026
Every read JAFX AI made on the EUR/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:01 UTC
Downtrend from April high, now basing · RSI 43 · price 1.13952
Lower highs/lows, consolidating low 1.13s-1.14s.
EURUSD has trended lower since the early-April peak at 1.1849, shedding roughly five cents and holding below a falling EMA(50). The last two-plus weeks have been a tight base in the low 1.13s-1.14s, with the YTD low at 1.1324 acting as the magnet and 1.1400 capping rallies. A hawkish-hold Fed is largely priced, leaving the pair rangebound ahead of Thursday's Eurozone GDP and US Core PCE cluster.
Support: 1.1324, 1.1353
Resistance: 1.1400
What it said to watch
Daily close above 1.1400 opens the 1.1400-1.1450 zone and challenges the downtrend
Failure to hold 1.1324 confirms a fresh lower low and extends the decline
Thu EZ Q2 GDP / US Core PCE plus FOMC aftermath could materially shift this read
EURUSD has trended lower since the mid-April peak near 1.1849, printing a chain of lower highs and bottoming around the YTD low of 1.1324 in June. The last three weeks are a tight consolidation in the 1.135–1.146 band with price capped below the 1.1400 psych level and holding under both EMAs. Tonight's in-line Fed hold left USD firm, keeping the pair pinned as the market awaits Thursday's EZ Q2 GDP and US Core PCE.
Support: 1.1324, 1.1353
Resistance: 1.1400, 1.1463
What it said to watch
Daily close above 1.1400 psych cap opens the 1.1463 swing high
Failure to hold 1.1324 ytd low confirms a lower low
Thu EZ GDP + US Core PCE could materially shift this range read
Lower highs / lower lows since April, recent consolidation.
EURUSD has been in a steady downtrend since the mid-April peak at 1.1849, shedding roughly 500 pips into the 1.1324 YTD low, with price trading below both EMA20 and a falling EMA50. The last 8-9 sessions have coiled into a tight 1.1350-1.1420 consolidation just above that YTD low, reflecting the two-way EUR/firm-USD standoff into today's FOMC. RSI near 42 shows fading downside momentum rather than a fresh leg.
Support: 1.1353, 1.1324
Resistance: 1.1400
What it said to watch
FOMC decision today 18:00 UTC could materially shift this read
Eurozone Q2 GDP and prelim HICP Thu Jul 30 are the next EUR risk
Daily close below 1.1324 confirms a fresh lower-low
Daily close above 1.1400 psych cap eases the downside pressure