đź“Š Technical Analysis
● Price is testing the confluence of the blue corrective channel floor, the long‑term rising‑channel base and the 1.11 support, replicating April’s launch point.
● A close above the blue channel roof (~1.127) would confirm a break and target the mid‑channel 1.134 resistance, then the supply zone / upper rail near 1.140; bias is invalidated on a sustained close below 1.11.
đź’ˇ Fundamental Analysis
● US initial claims jumped to 252 k (5‑week high) while two FOMC voters signalled readiness to cut if labour softens, pressuring yields and the USD.
● ECB’s Lane said inflation is “on track” but emphasised data‑dependence beyond June, tempering easing expectations and underpinning euro rates.
✨ Summary
Channel‑base retest + weaker US data versus cautious ECB keep the short‑term long in play: objectives 1.134 → 1.140, cut if < 1.11.
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● Price is testing the confluence of the blue corrective channel floor, the long‑term rising‑channel base and the 1.11 support, replicating April’s launch point.
● A close above the blue channel roof (~1.127) would confirm a break and target the mid‑channel 1.134 resistance, then the supply zone / upper rail near 1.140; bias is invalidated on a sustained close below 1.11.
đź’ˇ Fundamental Analysis
● US initial claims jumped to 252 k (5‑week high) while two FOMC voters signalled readiness to cut if labour softens, pressuring yields and the USD.
● ECB’s Lane said inflation is “on track” but emphasised data‑dependence beyond June, tempering easing expectations and underpinning euro rates.
✨ Summary
Channel‑base retest + weaker US data versus cautious ECB keep the short‑term long in play: objectives 1.134 → 1.140, cut if < 1.11.
-------------------
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đź“Š Technical Analysis
● EUR/USD is probing the lower rail of a five‑week descending channel and horizontal support at 1.1070; prior bounces from this area triggered 110‑130 pip recoveries — a bullish mean‑reversion setup.
● Bullish divergence is building while the pair carves higher lows inside today’s micro‑base.
đź’ˇ Fundamental Analysis
● US April PPI undershot forecasts and core CPI is expected to cool, dragging 2‑yr yields to one‑month lows and capping USD rallies .
● FXStreet notes the greenback’s rebound is fragile as “weak growth data keep the Fed‑cut story alive,” allowing the euro to stabilise ahead of the ECB’s June meeting.
✨ Summary
Channel floor at 1.1070 is holding; soft US inflation and dovish‑leaning Fed risks favour a corrective rise toward 1.1200, then 1.1380. Invalidate on a daily close below 1.1070.
-------------------
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Trade closed: target reached
Closed +164 PIPS
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90% accuracy in telegram
đź”»FREE Telegram channelđź”»
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
đź”»FREE Telegram channelđź”»
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.