📊 Technical Analysis
● Price sliced through the channel mid-support and the inner trend-fan, closing below 1.1573; the break was retested (grey circle) and rejected, confirming a bear continuation from the sequence of lower-highs.
● The move unlocks the descending channel’s lower rail near 1.1450, while interim demand sits at the May pivot / 0.618 swing 1.1520.
💡 Fundamental Analysis
● EZ data underwhelmed (German Ifo, EZ consumer-confidence) just as Fed officials warned rates may stay “restrictive for longer,” widening the short-rate gap and refreshing USD bids.
✨ Summary
Short 1.1590-1.1615; hold below 1.1573 targets 1.1520 ➜ 1.1450. Bias void on an H1 close above 1.1660.
-------------------
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● Price sliced through the channel mid-support and the inner trend-fan, closing below 1.1573; the break was retested (grey circle) and rejected, confirming a bear continuation from the sequence of lower-highs.
● The move unlocks the descending channel’s lower rail near 1.1450, while interim demand sits at the May pivot / 0.618 swing 1.1520.
💡 Fundamental Analysis
● EZ data underwhelmed (German Ifo, EZ consumer-confidence) just as Fed officials warned rates may stay “restrictive for longer,” widening the short-rate gap and refreshing USD bids.
✨ Summary
Short 1.1590-1.1615; hold below 1.1573 targets 1.1520 ➜ 1.1450. Bias void on an H1 close above 1.1660.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
+99 PIPS!Good Trade!
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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
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.