📊 Technical Analysis
● EUR/USD defended 1.1590 support and rebounded, climbing back within the rising channel and retesting the descending resistance line.
● A sustained break above 1.1642 would confirm bullish continuation, opening the path to 1.1693 and potentially toward 1.1715 if momentum strengthens.
💡 Fundamental Analysis
● USD softened after weaker consumer confidence data, while hawkish ECB remarks reinforced demand for the euro, supporting recovery from recent lows.
✨ Summary
Long above 1.1590; breakout over 1.1642 targets 1.1693 → 1.1715. Invalidation below 1.1590.
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● EUR/USD defended 1.1590 support and rebounded, climbing back within the rising channel and retesting the descending resistance line.
● A sustained break above 1.1642 would confirm bullish continuation, opening the path to 1.1693 and potentially toward 1.1715 if momentum strengthens.
💡 Fundamental Analysis
● USD softened after weaker consumer confidence data, while hawkish ECB remarks reinforced demand for the euro, supporting recovery from recent lows.
✨ Summary
Long above 1.1590; breakout over 1.1642 targets 1.1693 → 1.1715. Invalidation below 1.1590.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
