09:19 UTC
Downtrend, basing near range lows · RSI 52 · price 1.36731
Lower highs from 1.3877; price reclaiming mid-range after sweep of 1.3580.
Multi-week downtrend from 1.3877 stalled into a 1.3550-1.3710 range, with last week's dip to 1.3580 swept and reclaimed. Price has pushed back to the upper edge of the range and into the 100dma cluster near 1.3710, where supply has capped repeatedly. ATR(14) compression on H4 alongside RSI mid-range points to coiling rather than directional drive.
Support: 1.3650, 1.3580, 1.3550
Resistance: 1.3710, 1.3775, 1.3877
What it said to watch
- H4 close above 1.3710 100dma cluster opens path back to the 1.3775 prior high
- Rejection at 1.3710 keeps the range read intact and exposes 1.3650 swing pivot
- Loss of 1.3580 swing low confirms downtrend continuation