📊 Technical Analysis
● Breakout: price burst from the July descending wedge, reclaimed 0.8695 former cap, and is now riding a steep intraday channel of higher-highs; the channel mid-line aligns with the broken wedge roof, adding fresh support.
● A pennant is consolidating just above 0.8695; its measured pole and the outer channel top converge at the next horizontal barrier 0.8739.
💡 Fundamental Analysis
● Softer UK July composite-PMI (47.9 vs 50.2 prior) revived BoE cut bets, while ECB speakers flagged “premature to talk easing,” narrowing the rate gap in the euro’s favour.
✨ Summary
Long 0.8695-0.8705; pennant break targets 0.8739. Bias void on a 30 m close below 0.8648.
-------------------
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● Breakout: price burst from the July descending wedge, reclaimed 0.8695 former cap, and is now riding a steep intraday channel of higher-highs; the channel mid-line aligns with the broken wedge roof, adding fresh support.
● A pennant is consolidating just above 0.8695; its measured pole and the outer channel top converge at the next horizontal barrier 0.8739.
💡 Fundamental Analysis
● Softer UK July composite-PMI (47.9 vs 50.2 prior) revived BoE cut bets, while ECB speakers flagged “premature to talk easing,” narrowing the rate gap in the euro’s favour.
✨ Summary
Long 0.8695-0.8705; pennant break targets 0.8739. Bias void on a 30 m close below 0.8648.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
Closed +16 PIPS
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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.