📊 Technical Analysis
● Price defended the rising-channel median (1.1200) and formed a bullish pennant against the blue corrective trend-line; pattern completion projects to the next horizontal/diagonal confluence at 1.1380.
● Momentum is flipping positive as the pair climbs back above the short-term descending channel roof, turning it into support and aligning with repeat bounces off 1.1100.
💡 Fundamental Analysis
● May euro-area flash PMIs surprised on the upside while US industrial output slipped, narrowing growth differentials and cooling USD demand.
✨ Summary
Pennant + channel support and firmer EU data vs. softer US output back a push toward 1.1300 → 1.1380; bias void if 1.1100 breaks.
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● Price defended the rising-channel median (1.1200) and formed a bullish pennant against the blue corrective trend-line; pattern completion projects to the next horizontal/diagonal confluence at 1.1380.
● Momentum is flipping positive as the pair climbs back above the short-term descending channel roof, turning it into support and aligning with repeat bounces off 1.1100.
💡 Fundamental Analysis
● May euro-area flash PMIs surprised on the upside while US industrial output slipped, narrowing growth differentials and cooling USD demand.
✨ Summary
Pennant + channel support and firmer EU data vs. softer US output back a push toward 1.1300 → 1.1380; bias void if 1.1100 breaks.
-------------------
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Trade active
📊 Technical Analysis
● Price has broken the hourly descending channel roof and the inner blue trend-line, converting the 1.1200 pivot into support after four higher-low reactions (green arrows).
● A fresh impulse is carving a flag above the breakout zone; validating it targets the former supply shelf at 1.1380, with 1.1550 the measured move if momentum persists.
💡 Fundamental Analysis
● ECB minutes stressed “no pre-set easing path,” lifting short-end €-yields, while a soft US jobless-claims trend capped the dollar (FXStreet, 17 May).
✨ Summary
Breakout + ECB hawkish tilt vs. softer US data favour longs: buy 1.1200-1.1250, aim 1.1380 → 1.1550, invalidate below 1.1080.
-------------------
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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.