21:01 UTC
Range-bound, multi-month base · RSI 55 · price 0.59644
Broad range 0.5680–0.6090, mid-range.
Four months of price action have carved a broad range between 0.5680 and 0.6090, with two clear bases near 0.5680 in late March and late April forming a double bottom structure. Price has rebounded to mid-range and now trades above both EMA20 and EMA50, with RSI in neutral territory around 55. The weekly high at 0.5991 is the immediate ceiling; failure there keeps the range read intact, while a daily close through the range cap at 0.6050 would mark a structural shift.
Support: 0.5910, 0.5840
Resistance: 0.5991, 0.6050, 0.6092
What it said to watch
- Daily close above 0.5991 weekly high opens path to range cap 0.6050
- Loss of 0.5910 range mid reopens 0.5840 swing low
- US CPI print this week could materially shift the read