📊 Technical Analysis
● Price rejected the rising-channel base at 1.3434 (green arrows) and has broken the eight-day corrective down-trend, restoring the series of higher-lows.
● A new impulse is aiming at the mid-June swing/ channel crest 1.3592; a measured move from the breakout projects the upper rail near 1.3773. Pull-backs toward 1.3500-1.3520 should attract bids while the inner up-sloper holds.
💡 Fundamental Analysis
● Softer US PMI prices pulled 2-yr Treasury yields off highs, trimming USD support, while UK retail-sales surprise (+0.7 % m/m) tempered BoE-cut bets, underpinning sterling.
✨ Summary
Long 1.3500-1.3520; hold above 1.3592 targets 1.3770. Invalidate on a 4 h close below 1.3434.
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● Price rejected the rising-channel base at 1.3434 (green arrows) and has broken the eight-day corrective down-trend, restoring the series of higher-lows.
● A new impulse is aiming at the mid-June swing/ channel crest 1.3592; a measured move from the breakout projects the upper rail near 1.3773. Pull-backs toward 1.3500-1.3520 should attract bids while the inner up-sloper holds.
💡 Fundamental Analysis
● Softer US PMI prices pulled 2-yr Treasury yields off highs, trimming USD support, while UK retail-sales surprise (+0.7 % m/m) tempered BoE-cut bets, underpinning sterling.
✨ Summary
Long 1.3500-1.3520; hold above 1.3592 targets 1.3770. Invalidate on a 4 h close below 1.3434.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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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.