📊 Technical Analysis
● EUR/USD stays below the broken resistance line.
● While under $1.144, the chart favors a slide to 1.131 → 1.12.
💡 Fundamental Analysis
● U.S. yields remain elevated, supporting the dollar.
✨ Summary
Stalling Euro-area growth and firm U.S. yields reinforce the technical breakdown. A daily close below 1.131 should accelerate the decline towards 1.12.
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● EUR/USD stays below the broken resistance line.
● While under $1.144, the chart favors a slide to 1.131 → 1.12.
💡 Fundamental Analysis
● U.S. yields remain elevated, supporting the dollar.
✨ Summary
Stalling Euro-area growth and firm U.S. yields reinforce the technical breakdown. A daily close below 1.131 should accelerate the decline towards 1.12.
-------------------
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📊 Technical Analysis
● EUR/USD retraced from the Apr 21 high (1.1575) and failed to hold above ~1.144. Chart signals now aim for ~1.1310.
💡 Fundamental Analysis
● Fed–ECB gap: Fed expected to hold (only ~10% chance of a cut), while ECB just cut 25bp to 2.25% and signaled more easing.
● US economy remains resilient (jobless claims ~222k) even as euro-area growth sputters (German Q1 GDP +0.2%).
✨ Summary
Bearish EUR/USD bias: targeting 1.1310 support; resistance ~1.144.
Policy gap: Fed steady vs ECB easing widens USD yield advantage.
Strong USD (solid U.S. data) vs weak EUR (sluggish Europe) supports downtrend.
-------------------
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Disclaimer
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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.