21:01 UTC
Downtrend, basing attempt · RSI 55 · price 1.36731
Lower highs and lower lows since 1.3877; recent reclaim of 1.3690.
Price has been carving lower highs and lower lows from 1.3877 down to the 1.3572 range low, with a clean double bottom forming around 1.3572-1.3580. The last two sessions broke back above the 1.3690 prior pivot and tagged the 1.3710 swing high, reclaiming EMA20 while EMA50 still caps overhead. ATR(14) at ~22 pips reflects a steady, non-frantic regime — the structure is shifting from impulse-down to basing.
Support: 1.3612, 1.3572, 1.3550
Resistance: 1.3690, 1.3710, 1.3778
What it said to watch
- H4 close above 1.3778 lower high would break the downtrend sequence
- Loss of 1.3612 swing low re-engages the downtrend toward 1.3572 range low
- Iran-US headline risk could override the technical read