📊 Technical Analysis
EUR/USD remains in a rising channel but is struggling at resistance near 1.1600, forming a bearish divergence. The pair is again testing support around 1.1390.
💡 Fundamental Analysis
The ECB's April rate cut, amid weak growth and easing inflation, highlights Eurozone fragility, while the Fed holds steady as US data remains solid. This policy divergence and ongoing trade tensions support short-term USD strength.
✨ Summary
Both technical and fundamental signals align, suggesting a short-term bearish bias for EUR/USD.
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EUR/USD remains in a rising channel but is struggling at resistance near 1.1600, forming a bearish divergence. The pair is again testing support around 1.1390.
💡 Fundamental Analysis
The ECB's April rate cut, amid weak growth and easing inflation, highlights Eurozone fragility, while the Fed holds steady as US data remains solid. This policy divergence and ongoing trade tensions support short-term USD strength.
✨ Summary
Both technical and fundamental signals align, suggesting a short-term bearish bias for EUR/USD.
-------------------
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Trade active
📊 Technical Analysis
EURUSD is still capped by the channel top near 1.1600 and has slipped back below a steep trend‑line, keeping the bearish divergence intact.
💡 Fundamental Analysis
- ECB cut the deposit rate to 2.25% on weak growth and hinted at more easing, underscoring Euro‑fragility.
- US March non‑farm payrolls surged 228 k, far above forecasts, while private payrolls also beat estimates, letting the Fed keep rates high.
- German industrial output fell 1.3% in February, deepening the growth gap.
✨ Summary
Euro‑area weakness versus resilient US data widens the policy divergence, aligning with the technical rejection at $1.16. A sustained break below $1.137 would expose $1.12.
-------------------
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Trade closed: target reached
Closed +105 PIPS
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Crypto signals in telegram
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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.