📊 Technical Analysis
● Price broke the two-year descending channel roof and completed a daily “cup-with-handle”; the handle low held exactly on the 1.121-1.128 former supply, confirming it as demand.
● Pattern height added to the breakout line projects to 1.1600, which coincides with the violet channel-top; next target is the upper parallel / 1.1950, while the handle floor at 1.1080 guards the trend.
💡 Fundamental Analysis
● Euro support grows as April EZ wage-growth beat ECB staff forecasts, tempering expectations for an aggressive easing cycle, while softer US core-PCE keeps real-yield spreads tilting in the euro’s favour.
✨ Summary
Long bias intact above 1.121; objectives 1.145 breakout ➜ 1.1600, stretch 1.1950. Invalidate on a daily close below 1.1080.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
● Price broke the two-year descending channel roof and completed a daily “cup-with-handle”; the handle low held exactly on the 1.121-1.128 former supply, confirming it as demand.
● Pattern height added to the breakout line projects to 1.1600, which coincides with the violet channel-top; next target is the upper parallel / 1.1950, while the handle floor at 1.1080 guards the trend.
💡 Fundamental Analysis
● Euro support grows as April EZ wage-growth beat ECB staff forecasts, tempering expectations for an aggressive easing cycle, while softer US core-PCE keeps real-yield spreads tilting in the euro’s favour.
✨ Summary
Long bias intact above 1.121; objectives 1.145 breakout ➜ 1.1600, stretch 1.1950. Invalidate on a daily close below 1.1080.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade active
📊 Technical Analysis
● The pair just printed a bullish hammer on the violet breakout line (ex-downtrend) and the mid-channel support, confirming 1.121 ─ 1.128 as a springboard and extending the chain of higher lows.
● Price is compressing inside a 1.133-1.145 flag; a 16 h close above 1.145 unlocks the flag’s 1.618 target at the channel roof/ 1.1600 while flag base support rises to 1.1214.
💡 Fundamental Analysis
● Softer US JOLTS and ISM employment pulled 2-yr yields back under 4.8 %, trimming the USD’s real-rate edge just as ECB officials signal only a “gradual” easing path beyond June.
✨ Summary
Buy dips ≥1.128; flag break >1.145 eyes 1.1600, stretch 1.1950. Bull view void on a daily close below 1.1080.
-------------------
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.