09:20 UTC
Uptrend resuming after multi-week range · RSI 63 · price 0.59644
Breakout from 0.5825-0.5925 range, holding above prior ceiling.
Price broke out of a three-week 0.5825-0.5925 range with an impulsive move to 0.5983, then pulled back to test the prior ceiling around 0.5925 before reclaiming higher ground. The retest held and price is now consolidating just below the swing high, with EMA20 and EMA50 both rising and freshly crossed. ATR has expanded sharply alongside the breakout, signalling a regime shift from compression to trend.
Support: 0.5945, 0.5925, 0.5880
Resistance: 0.5983, 0.5990
What it said to watch
- H4 close back below 0.5925 prior ceiling would invalidate the breakout read
- Sustained acceptance above 0.5983 swing high opens path toward 0.6000 round number
- US CPI commentary flagged by Wells Fargo could materially shift this read