📊 Technical Analysis
● Price rebounded off the flag base (1.128) and reclaimed the inner grey trend-median, keeping the sequence of higher-lows inside the two-year rising channel.
● The flag’s upper rail at 1.145 has been tested twice; a close above completes the pattern and projects to the channel roof / horizontal confluence at 1.1600, while dynamic support rises with the violet breakout line at 1.1214.
💡 Fundamental Analysis
● Euro stays bid after May EZ headline CPI re-accelerated to 2.6 % y/y, tempering expectations for aggressive ECB cuts, whereas weaker US ADP hiring and cooling core-PCE pressured real yields and the dollar.
✨ Summary
Long bias above 1.128; flag break > 1.145 targets 1.1600, stretch 1.1950. Invalidate on daily close < 1.1080.
-------------------
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● Price rebounded off the flag base (1.128) and reclaimed the inner grey trend-median, keeping the sequence of higher-lows inside the two-year rising channel.
● The flag’s upper rail at 1.145 has been tested twice; a close above completes the pattern and projects to the channel roof / horizontal confluence at 1.1600, while dynamic support rises with the violet breakout line at 1.1214.
💡 Fundamental Analysis
● Euro stays bid after May EZ headline CPI re-accelerated to 2.6 % y/y, tempering expectations for aggressive ECB cuts, whereas weaker US ADP hiring and cooling core-PCE pressured real yields and the dollar.
✨ Summary
Long bias above 1.128; flag break > 1.145 targets 1.1600, stretch 1.1950. Invalidate on daily close < 1.1080.
-------------------
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Trade active
📊 Technical Analysis
● Former 1.1300 supply (top of the 18-month accumulation rectangle) has now acted twice as support, confirming a classic “break-retest-hold” and tilting risk upward inside the long-term rising channel.
● Price is compressing in a higher-low pennant between the channel’s violet resistance line and the grey median; its measured swing aligns with the next fib / upper parallel near 1.1600.
💡 Fundamental Analysis
● EZ May services-PMI was revised up to 53.9 while Fed’s Beige Book flagged cooling US demand, narrowing yield-spread headwinds and inviting fresh euro bids.
✨ Summary
Buy pull-backs 1.130-1.133; pennant break >1.145 opens 1.160 → 1.195. Long view void on a daily close <1.108.
-------------------
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Trade closed: target reached
Closed +141 PIPS
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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.