Euro / U.S. Dollar
Long
Updated

DeGRAM | EURUSD broke the downward channel

343
📊 Technical Analysis
● Price broke the H4 descending channel roof and reclaimed 1.130 support; the breakout is holding above the long-term blue trend-line, creating a fresh higher-low cluster.
● Momentum is compressing in a bull flag between 1.1420 resistance and 1.1330 support; flag depth projects to 1.1565-1.1600 near the violet channel cap.

💡 Fundamental Analysis
● Flash EZ CPI jumped to 2.6 % y/y vs 2.5 % est. while US ISM mfg. slid to 48.1, trimming Treasury yields and widening EUR-USD rate appeal.

Summary
Long 1.133-1.136; flag break >1.142 targets 1.156 → 1.160. Trend risk flips on a close below 1.126.

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snapshot
📊 Technical Analysis
● Daily candle bounced off the blue breakout line (≈1.128) and mid-channel support, turning the former cap into demand and confirming a fresh higher-low.
● Price is now riding the inner grey up-sloper and pushing against 1.142; a close above the flag’s lid should send EUR/USD toward the fib / channel-roof confluence at 1.156-1.160, with the upper rail near 1.195 as an extension.

💡 Fundamental Analysis
● EZ May retail-sales beat consensus while Friday’s soft US NFP cut Fed-cut odds, narrowing 2-yr yield spread and reviving euro flows.

Summary
Buy dips 1.133-1.136; flag break >1.142 aims 1.156 → 1.160, stretch 1.195. Trend risk flips below 1.126.

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