Breakdown
📊 Technical Analysis:
Ascending Channel: Price is respecting the channel structure, showing bullish momentum.
Fair Value Gap (FVG) Fill: Market could test the FVG area before further upside.
Breakout Retest Possibility: Watching for a consolidation or breakout from the current trendline support.
Key Levels to Watch:
Resistance: 1.09366 - 1.09552
Support: 1.07811 (Daily Low)
4HR Trendline Holding: If respected, price could push higher toward the resistance zone.
🌍 Fundamental Analysis:
🔹 Bullish EUR Drivers:
✔ Germany’s €500B Stimulus: Boosting economic growth, strengthening EUR.
✔ ECB Inflation Concerns: Fewer rate cuts expected, supporting the euro.
🔹 Bearish USD Drivers:
❌ U.S. Growth Concerns: Weak job data, rising unemployment.
❌ Fed’s Cautious Stance: Powell signals no rush to cut rates, keeping USD uncertain.
📌 Bias & Trade Plan:
📈 Bullish Bias: Favoring long positions as fundamentals and technicals align for EUR strength.
🎯 Potential Targets: 1.09366 – 1.09552.
⚠ Invalidation: Break below 1.07811 may indicate deeper pullback.
📊 Technical Analysis:
Ascending Channel: Price is respecting the channel structure, showing bullish momentum.
Fair Value Gap (FVG) Fill: Market could test the FVG area before further upside.
Breakout Retest Possibility: Watching for a consolidation or breakout from the current trendline support.
Key Levels to Watch:
Resistance: 1.09366 - 1.09552
Support: 1.07811 (Daily Low)
4HR Trendline Holding: If respected, price could push higher toward the resistance zone.
🌍 Fundamental Analysis:
🔹 Bullish EUR Drivers:
✔ Germany’s €500B Stimulus: Boosting economic growth, strengthening EUR.
✔ ECB Inflation Concerns: Fewer rate cuts expected, supporting the euro.
🔹 Bearish USD Drivers:
❌ U.S. Growth Concerns: Weak job data, rising unemployment.
❌ Fed’s Cautious Stance: Powell signals no rush to cut rates, keeping USD uncertain.
📌 Bias & Trade Plan:
📈 Bullish Bias: Favoring long positions as fundamentals and technicals align for EUR strength.
🎯 Potential Targets: 1.09366 – 1.09552.
⚠ Invalidation: Break below 1.07811 may indicate deeper pullback.
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.
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.