📊 Technical Analysis
● Price broke the month-long bearish channel and is now basing inside the 1.165-1.169 consolidation block; repeated intraday retests (blue zone) turn the former cap into fresh support.
● A steep hourly up-sloper is carving successive higher-lows; its width and the prior channel depth project follow-through toward 1.1745 (mid-July pivot) with room to the next swing line at 1.1800.
💡 Fundamental Analysis
● FXStreet highlights softer US PMIs and a pull-back in 2-yr yields, while ECB sources flag “data-dependent patience” rather than imminent cuts—narrowing the short-rate gap and favouring the euro.
✨ Summary
Long 1.1650-1.1680; hold above the blue base targets 1.1745 ➜ 1.1800. Long view void on an H1 close below 1.1615.
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● Price broke the month-long bearish channel and is now basing inside the 1.165-1.169 consolidation block; repeated intraday retests (blue zone) turn the former cap into fresh support.
● A steep hourly up-sloper is carving successive higher-lows; its width and the prior channel depth project follow-through toward 1.1745 (mid-July pivot) with room to the next swing line at 1.1800.
💡 Fundamental Analysis
● FXStreet highlights softer US PMIs and a pull-back in 2-yr yields, while ECB sources flag “data-dependent patience” rather than imminent cuts—narrowing the short-rate gap and favouring the euro.
✨ Summary
Long 1.1650-1.1680; hold above the blue base targets 1.1745 ➜ 1.1800. Long view void on an H1 close below 1.1615.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +42 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.