21:01 UTC
Uptrend, momentum stalling near 160 · RSI 43 · price 156.698
Broad uptrend with two sharp pullbacks, currently rolling over from 160.72.
Four-month uptrend from the late-January 152.20 base carried price to 160.72 twice, in late March and again in late April, both rejected sharply within a single session. Last week's spike low to 155.03 and quick recovery to 157.90 has now faded back to 156.70, leaving a developing double top against a still-rising medium-term structure. Price has slipped below EMA20 and EMA50 on D1, and RSI near 43 reflects momentum cooling rather than outright reversal.
Support: 155.50, 153.30, 152.20
Resistance: 157.90, 160.72
What it said to watch
- Daily close below 155.50 swing low confirms lower-low and opens path toward 153.30
- Reclaim of 157.90 prior pivot would neutralise the double top read
- US CPI (Apr) print this week is the dominant scheduled catalyst for the pair