📊 Technical Analysis
● Euro rebounded from the channel mid-line and reclaimed the purple corrective trend-line; that switch from resistance to support confirms a bull-flag breakout.
● Fresh upside is opening above 1.1280 (prior swing cap). Clearing it exposes the channel top / horizontal hurdle at 1.1380; measured move of the flag aligns with 1.1550.
💡 Fundamental Analysis
● FXStreet notes US April leading-index fell for a 25th month, pulling 2-yr yields off highs, while Yahoo Finance reports German PPI turned positive m/m, limiting ECB-cut bets and lending bid to the euro.
✨ Summary
Buy 1.122-1.128 ; objectives 1.138 → 1.155, invalidate below 1.108.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
● Euro rebounded from the channel mid-line and reclaimed the purple corrective trend-line; that switch from resistance to support confirms a bull-flag breakout.
● Fresh upside is opening above 1.1280 (prior swing cap). Clearing it exposes the channel top / horizontal hurdle at 1.1380; measured move of the flag aligns with 1.1550.
💡 Fundamental Analysis
● FXStreet notes US April leading-index fell for a 25th month, pulling 2-yr yields off highs, while Yahoo Finance reports German PPI turned positive m/m, limiting ECB-cut bets and lending bid to the euro.
✨ Summary
Buy 1.122-1.128 ; objectives 1.138 → 1.155, invalidate below 1.108.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade active
📊 Technical Analysis
● Daily bounce off channel median & green demand (1.118-1.125) plus April-trend support (purple) prints a higher-low, sustaining the year-long up-slope.
● Price is reconquering 1.128 — prior swing cap & flag neckline; a close above confirms fresh leg toward 1.138 resistance and channel roof/1.155.
💡 Fundamental Analysis
● Flash Eurozone PMI services hit 54.4 vs 53.5 est., firming €-rate expectations, while softer US new-home sales pulled 2-yr yields below 4.80 %, capping the USD.
✨ Summary
Higher-low at demand + stronger EU data favour longs: accumulate 1.122-1.128; targets 1.138 → 1.155; invalidate on daily close under 1.108.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
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.