22:04 UTC
Downtrend, lower highs since mid-October · RSI 36 · price 0.81338
Double top at 0.8382/0.8395, Oct range floor at 0.8192 broken.
The September rally from the 0.8052 sep low stalled at twin highs of 0.8382 (Oct 1) and 0.8395 (Oct 14), and the Oct 27 lower high at 0.8313 confirmed a turn in the weekly cycle. This week the USD sold off after the Democratic midterm sweep while a hot 1.5% Swiss CPI lifted the franc, taking price through the 0.8192 range floor to a 2-month low at 0.8127, below the 61.8% retracement of the Sep–Oct advance. Price sits under both the EMA20 near 0.8240 and the EMA50, and RSI at 36 has room before reaching oversold.
Support: 0.8127, 0.8100, 0.8052
Resistance: 0.8192, 0.8240, 0.8313
What it said to watch
- Daily close below the 0.8127 2-month low extends the lower-low sequence toward the 0.8100 round number and the 0.8052 sep low
- Recovery back above the 0.8192 range floor would mark the break as a false break
- SNB's Schlegel Thu 13:30 UTC, first SNB read on the 1.5% CPI, could materially shift this read
- US NFP Fri 13:30 UTC (f/c 65K); a strong print would test the ema20 near 0.8240
- Daily close above the 0.8313 lower high invalidates the double top read