📊 Technical Analysis
● Hourly close above 1.1500 completed a small ascending triangle; price is now hugging the rising-channel’s upper rail after a chain of higher-lows, pointing toward the 1.1600 objective.
● Triangle top and channel mid-line overlap at 1.1500-1.1520; while candles stay above, risk : reward favours a push to the next fib / upper parallel near 1.1650.
💡 Fundamental Analysis
● US core-CPI eased to 0.1 % m/m, driving Treasury yields lower and lifting September Fed-cut odds >70 %, weakening the dollar, while ECB officials talked up a “data-dependent” pause, keeping euro bids firm.
✨ Summary
Long bias while price holds 1.1520; targets 1.1600 then 1.1650. Invalidate on an hourly close below 1.1470.
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● Hourly close above 1.1500 completed a small ascending triangle; price is now hugging the rising-channel’s upper rail after a chain of higher-lows, pointing toward the 1.1600 objective.
● Triangle top and channel mid-line overlap at 1.1500-1.1520; while candles stay above, risk : reward favours a push to the next fib / upper parallel near 1.1650.
💡 Fundamental Analysis
● US core-CPI eased to 0.1 % m/m, driving Treasury yields lower and lifting September Fed-cut odds >70 %, weakening the dollar, while ECB officials talked up a “data-dependent” pause, keeping euro bids firm.
✨ Summary
Long bias while price holds 1.1520; targets 1.1600 then 1.1650. Invalidate on an hourly close below 1.1470.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
Closed +50 PIPS
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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.