21:01 UTC
Downtrend after sharp break · RSI 42 · price 156.698
Lower highs, basing near 156.30.
Pair has rolled over decisively from the 160.72 high, with two impulse legs lower printing flash spikes to 155.49 and 155.03 before basing in a tight 156.02-156.99 range over recent sessions. Structure is a clear downtrend with both EMAs capping rallies and RSI hovering mid-40s as price coils above the swing low. ATR remains elevated from the break, but recent bars show compression — the range is tightening between 156.02 support and the 157.30 prior pivot.
Support: 156.02, 155.49, 155.03
Resistance: 157.30
What it said to watch
- H4 close below 156.02 swing low opens path toward 155.03 spike low
- Reclaim of 157.30 prior pivot would neutralise the lower-high structure
- US CPI (Tue) and Trump-Xi headlines could materially shift this read