21:01 UTC
Downtrend, momentum easing · RSI 42 · price 1.1419
Lower highs, lower lows.
Roughly three-month downtrend, price holding below a falling EMA50 since the April high near 1.1849. The latest leg lower bottomed at 1.1324 in late June, with a modest bounce now pinned around the 1.1400 pivot. Soft German and Italian CPI undershoots alongside hawkish-Fed repricing have kept EUR heavy through the recent sessions.
Support: 1.1324, 1.1300
Resistance: 1.1434, 1.1500
What it said to watch
- Eurozone flash HICP at 09:00 UTC — a hot core print could challenge the downtrend and force a bounce off 1.1400
- Daily close below 1.1324 confirms continuation of the lower-low chain
- Reclaim of 1.1500 would break the sequence of lower highs