📊 Technical Analysis
● A bullish engulfing on the grey 1.135-1.139 demand band reclaimed the inner trend-median and confirmed the base of the rising 2-month channel.
● The pull-back has just retested the broken wedge top (~1.140) as support; pattern height projects a grind to the channel mid-rail / horizontal cluster at 1.1565.
💡 Fundamental Analysis
● Ahead of the ECB’s expected “one-and-pause” 25 bp cut, EZ core CPI stayed stuck at 2.9 % y/y while soft US job-openings and lower T-bill yields narrowed the 2-yr spread, helping bids return to the euro.
✨ Summary
Long 1.137-1.140; hold above 1.135 seeks 1.156 ➜ 1.160. Invalidate on H4 close < 1.126.
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● A bullish engulfing on the grey 1.135-1.139 demand band reclaimed the inner trend-median and confirmed the base of the rising 2-month channel.
● The pull-back has just retested the broken wedge top (~1.140) as support; pattern height projects a grind to the channel mid-rail / horizontal cluster at 1.1565.
💡 Fundamental Analysis
● Ahead of the ECB’s expected “one-and-pause” 25 bp cut, EZ core CPI stayed stuck at 2.9 % y/y while soft US job-openings and lower T-bill yields narrowed the 2-yr spread, helping bids return to the euro.
✨ Summary
Long 1.137-1.140; hold above 1.135 seeks 1.156 ➜ 1.160. Invalidate on H4 close < 1.126.
-------------------
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📊 Technical Analysis
● Price bounced off the rising-channel mid-line and the former wedge roof (≈1.140), printing successive higher lows and keeping the short-term up-trend intact.
● A contracting pennant is forming beneath 1.142; its 1.618 projection coincides with the 1.1565 resistance and channel median, while RSI holds above 50, signalling sustained bullish pressure.
💡 Fundamental Analysis
● Post-ECB “one-and-pause” cut, sticky EZ core CPI (2.9 % y/y) versus softer US payroll data narrowed the 2-yr yield gap, favouring euro inflows.
✨ Summary
Long 1.137-1.141; pennant break >1.142 targets 1.156 → 1.160. Trend risk flips on an H4 close below 1.126.
-------------------
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🔻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.