DeGRAM | EURUSD reached the resistance level

260
📊 Technical Analysis
● Bulls defended the rising-channel mid-line (≈1.1480), turning it into support and snapping the intraday falling wedge; hourly closes now print higher highs above the reclaimed 1.1520 pivot.
● A tight bull flag is forming against 1.1560; its 1.618 swing coincides with the upper rail / 1.1617 resistance, keeping the channel’s momentum bias pointed north.

💡 Fundamental Analysis
● Softer US housing starts and a slide in 2-yr yields pulled the DXY to two-week lows, while ECB’s Knot warned “premature cuts risk inflation flare-ups,” widening the short-rate gap in the euro’s favour.

Summary
Long 1.1515-1.1530; flag break >1.1560 targets 1.1617, stretch 1.1670. Bias void on an H1 close below 1.1480.

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