📊 Technical Analysis
● Triple rejection at 1.1420 caps EUR/USD; price coils into a bearish pennant beneath the channel mid-line, echoing earlier false breakouts.
● Loss of 1.1310 exposes 1.1200; fading RSI and lower highs flag supply.
💡 Fundamental Analysis
● Euro inflation slid to 2.2 %; ECB signals another 25 bp cut on 4 Jun, denting EUR yield.
● US Q1 GDP dipped but consumption held; jobless claims ~215 k and 10-yr yields near 4.3 % keep USD bid.
✨ Summary
Bearish pennant plus softer EU data versus steady US demand steer short EUR/USD toward 1.1200; risk topside above 1.1420.
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● Triple rejection at 1.1420 caps EUR/USD; price coils into a bearish pennant beneath the channel mid-line, echoing earlier false breakouts.
● Loss of 1.1310 exposes 1.1200; fading RSI and lower highs flag supply.
💡 Fundamental Analysis
● Euro inflation slid to 2.2 %; ECB signals another 25 bp cut on 4 Jun, denting EUR yield.
● US Q1 GDP dipped but consumption held; jobless claims ~215 k and 10-yr yields near 4.3 % keep USD bid.
✨ Summary
Bearish pennant plus softer EU data versus steady US demand steer short EUR/USD toward 1.1200; risk topside above 1.1420.
-------------------
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Trade active
📊 Technical Analysis
● Relief rally stalls at 1.1335, where the descending line meets the resistance level; series of lower highs keeps bears in charge.
● A rejection here should pull EUR/USD toward 1.1270 with scope to probe 1.1200 if momentum accelerates.
💡 Fundamental Analysis
● USD stays bid after upbeat U.S. factory orders and renewed trade‑deal optimism, while euro underperforms as April EZ manufacturing PMI remains below 50 and flash CPI is set to cool to ≈2.1 % — widening the policy gap.
✨ Summary
Confluence resistance at 1.1335 caps; short bias targets 1.1270 → 1.1200, invalidation on a close above 1.1380.
-------------------
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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.