21:04 UTC
Uptrend, momentum cooling after impulse · RSI 57 · price 0.82205
Higher highs and higher lows; consolidating under the swing high.
The sequence of higher lows off 0.7997 remains intact, and the hawkish Fed hike triggered a single-bar breakout from the 0.8180s straight to a 16-month swing high at 0.8264. Price has since gone sideways in a tight 0.8216–0.8264 band, with the last five bars closing under the EMA20 while the EMA50 near 0.8185 still sits well below — an expansion-then-pause profile rather than a reversal. ATR(14) at roughly 24 pips is elevated versus the pre-breakout compression, so the consolidation is holding wide.
Support: 0.8216, 0.8185, 0.8153
Resistance: 0.8264, 0.8300
What it said to watch
- H4 close above the 0.8264 swing high extends the breakout leg toward the 0.8300 psych level
- Loss of the 0.8216 range low, then the 0.8185 pivot base, would break the higher-low sequence and expose the 0.8153 swing low
- SNB decision Thu 24 Sep 07:30 UTC and US flash PMIs Wed 13:45 UTC can materially reset this consolidation