📊 Technical Analysis
● Two successive rejections at the upper-channel/long-term trend-cap (red arrows) printed bearish engulfings; price has slipped back under 1.1687 minor support, breaking the July micro up-trend.
● Momentum now points to the channel mid-line ≈1.1650; clearing it exposes the lower rail / May pivot 1.1594, in line with the projected swing depth.
💡 Fundamental Analysis
● Hot US Q2-GDP and an upside surprise in core-PCE lifted 2-yr Treasury yields, reviving dollar demand, while ECB sources signalled no urgency to hike further after soft July PMIs.
✨ Summary
Short 1.1680-1.1700; hold below 1.1687 targets 1.1650 ▶ 1.1595. Invalidate on a 4 h close above 1.1750.
-------------------
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● Two successive rejections at the upper-channel/long-term trend-cap (red arrows) printed bearish engulfings; price has slipped back under 1.1687 minor support, breaking the July micro up-trend.
● Momentum now points to the channel mid-line ≈1.1650; clearing it exposes the lower rail / May pivot 1.1594, in line with the projected swing depth.
💡 Fundamental Analysis
● Hot US Q2-GDP and an upside surprise in core-PCE lifted 2-yr Treasury yields, reviving dollar demand, while ECB sources signalled no urgency to hike further after soft July PMIs.
✨ Summary
Short 1.1680-1.1700; hold below 1.1687 targets 1.1650 ▶ 1.1595. Invalidate on a 4 h close above 1.1750.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +72 PIPS
90% accuracy in telegram
🔻FREE Telegram channel🔻
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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
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.