đź“Š Technical Analysis
● Relief rally stalled at 1.1350 where the descending resistance meets the rectangle’s upper boundary; a string of lower highs confirms supply.
â—Ź Failure to reclaim the resistance line and a break below 1.13 exposes 1.12.
đź’ˇ Fundamental Analysis
â—Ź U.S. factory orders jumped 4.3 % in March on commercial aircraft demand, underpinning dollar strength and pressuring EUR/USD.
● Eurozone HCOB manufacturing PMI eased to 49.0 in April—still in contraction—underscoring weak euro fundamentals.
✨ Summary
Confluence resistance at 1.1350 caps the pair; short bias targets 1.1270 → 1.1200, invalidated on a close above 1.1380.
-------------------
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● Relief rally stalled at 1.1350 where the descending resistance meets the rectangle’s upper boundary; a string of lower highs confirms supply.
â—Ź Failure to reclaim the resistance line and a break below 1.13 exposes 1.12.
đź’ˇ Fundamental Analysis
â—Ź U.S. factory orders jumped 4.3 % in March on commercial aircraft demand, underpinning dollar strength and pressuring EUR/USD.
● Eurozone HCOB manufacturing PMI eased to 49.0 in April—still in contraction—underscoring weak euro fundamentals.
✨ Summary
Confluence resistance at 1.1350 caps the pair; short bias targets 1.1270 → 1.1200, invalidated on a close above 1.1380.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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t.me/DeGRAMChannel
Crypto signals in telegram
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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
đź”»FREE Telegram channelđź”»
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
đź”»FREE Telegram channelđź”»
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.