16:25 UTC
Uptrend, momentum slowing · RSI 56 · price 1.34671
Higher highs since Jan low, rolling over below 1.3870 peak.
Macro uptrend from the January 1.2067 low remains intact, with price holding well above a rising W1 EMA(50) near 1.2750. Structure has flattened over the last quarter into a rounded top under the 1.3870 yearly high, with a prior reset to 1.3100 finding buyers and price now re-pressing the 1.3500 area. Regime is trending but stretched — broad 1.3100-1.3870 range defines the upper half of the move.
Support: 1.3300, 1.3100, 1.2750
Resistance: 1.3700, 1.3870
What it said to watch
- Weekly close above 1.3700 reopens the path to the 1.3870 yearly high
- Loss of 1.3300 swing low would confirm rounded top and shift regime toward range
- Iran war headlines and ongoing USD weakness narrative could materially shift this read