📊 Technical Analysis
● Strong rebound from 1.1070/channel base produced a V‑shape and broke a minor falling wedge; price is now carving higher lows above 1.1200 support.
● Room remains to the upper wedge rail / supply 1.1380, which aligns with the channel’s mid‑line; invalidation if 1.1200 fails.
💡 Fundamental Analysis
● US April CPI printed 0.3 % m/m (vs 0.4 % cons) while retail‑sales missed, knocking 2‑yr yields beneath 4.70 % and weakening the USD.
● ECB hawks (Vujčić, Nagel) said cuts after June hinge on data, tempering dovish bets and underpinning euro rates. FXStreet flags fresh demand above 1.12.
✨ Summary
Channel‑floor bounce + softer US data versus guarded ECB tone favour a grind to 1.1300 → 1.1380; long bias void under 1.1200.
-------------------
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● Strong rebound from 1.1070/channel base produced a V‑shape and broke a minor falling wedge; price is now carving higher lows above 1.1200 support.
● Room remains to the upper wedge rail / supply 1.1380, which aligns with the channel’s mid‑line; invalidation if 1.1200 fails.
💡 Fundamental Analysis
● US April CPI printed 0.3 % m/m (vs 0.4 % cons) while retail‑sales missed, knocking 2‑yr yields beneath 4.70 % and weakening the USD.
● ECB hawks (Vujčić, Nagel) said cuts after June hinge on data, tempering dovish bets and underpinning euro rates. FXStreet flags fresh demand above 1.12.
✨ Summary
Channel‑floor bounce + softer US data versus guarded ECB tone favour a grind to 1.1300 → 1.1380; long bias void under 1.1200.
-------------------
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📊 Technical Analysis
● V-reversal from the channel floor pierced the inner blue trend-line; price now presses the midpoint 1.1200, turning it into support.
● Break of the micro down-trend (black) opens a run to the supply cap at 1.1380 where the upper rail of the descending channel meets prior liquidity.
💡 Fundamental Analysis
● US NFIB sentiment fell to 89.7, its lowest since 2012, deepening Fed-cut wagers and pressuring the dollar, while Eurozone wage-growth data beat estimates, easing ECB dovishness.
✨ Summary
Holding above 1.1200 keeps bulls in control; targets 1.1300 then 1.1380. Long bias invalidated on a close below 1.1080.
-------------------
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Crypto signals in telegram
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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.