22:25 UTC
Uptrend since August low, testing October high · RSI 66 · price 0.83906
Higher low at 0.8127, price retesting the 0.8395 October high.
Uptrend in place since the August low at 0.7950. Price is above a rising EMA(50), and the early-November pullback held at 0.8127 as a higher swing low along the rising trendline from that August low. This week's ~220-pip rally on the hot US CPI and widening Fed–SNB policy divergence has carried price back to the October high at 0.8395, just shy of the 0.8400 round number, with RSI at 66.2 still below overbought. The 0.8300–0.8311 former resistance band is the first reference beneath, then the EMA(20) at 0.8265 and the 0.8127 swing low.
Support: 0.8311, 0.82653, 0.81273
Resistance: 0.8395, 0.8400
What it said to watch
- Daily close above the 0.8395 October high and the 0.8400 round number marks a break to new window highs
- Rejection at 0.8395 with a close back below the 0.8311 former resistance would leave a double top against the October high
- Close below the EMA(20) at 0.8265 would put the 0.8127 swing low back in focus
- Break of the rising trendline from the August low and the 0.8127 swing low ends the higher-low sequence
- Fed Chair Warsh Mon 17:00 UTC and US Retail Sales Tue 13:30 UTC could materially shift this read