📊 Technical Analysis
● Two-year rising channel is intact; price just rebounded from the lower rail (RB) and punched back above the 2020-2024 red resistance trend-line, repeating the 2022 “break-retest-fixation” pattern.
● An 18-month accumulation rectangle (1.06-1.13) has resolved higher, printing a bullish weekly engulfing; the measured move points to the channel mid-band / horizontal cluster at 1.1600, then the upper rail near 1.1950.
💡 Fundamental Analysis
● Eurozone core CPI is stuck at 2.7 % y/y while US ISM and housing prints cooled, dragging real U.S. yields lower and narrowing the policy-rate gap priced for 2025.
✨ Summary
Long above 1.1214; breakout projects 1.16 ➜ 1.195. Risk flips only on a weekly close back below 1.108.
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● Two-year rising channel is intact; price just rebounded from the lower rail (RB) and punched back above the 2020-2024 red resistance trend-line, repeating the 2022 “break-retest-fixation” pattern.
● An 18-month accumulation rectangle (1.06-1.13) has resolved higher, printing a bullish weekly engulfing; the measured move points to the channel mid-band / horizontal cluster at 1.1600, then the upper rail near 1.1950.
💡 Fundamental Analysis
● Eurozone core CPI is stuck at 2.7 % y/y while US ISM and housing prints cooled, dragging real U.S. yields lower and narrowing the policy-rate gap priced for 2025.
✨ Summary
Long above 1.1214; breakout projects 1.16 ➜ 1.195. Risk flips only on a weekly close back below 1.108.
-------------------
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Trade active
📊 Technical Analysis
● A fresh daily golden-cross (50 SMA > 200 SMA) coincides with a bullish engulfing off the purple retest line, confirming buyers’ control inside the five-month rising channel.
● Price is now coiling in a tight pennant just beneath May’s swing high (1.145) and above the former 1.128–1.121 supply-turned-support; a close through 1.145 unlocks the next fib/parallel confluence at 1.1600, while channel floor protection lifts to 1.1080.
💡 Fundamental Analysis
● German Ifo business expectations ticked up for a third month and ECB minutes signalled concern over “premature easing,” nudging 2-yr Bund/T-note spreads to a 6-week high and underpinning the euro.
● Meanwhile, US core PCE slowed to 0.2 % m/m, trimming real-yield advantage and weighing on the dollar.
✨ Summary
Buy pullbacks ≥1.128; pennant break >1.145 targets 1.1600, stretch 1.1950. Bull thesis void on a daily close below 1.1080.
-------------------
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Crypto signals in telegram
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Disclaimer
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90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.