📊 Technical Analysis
● EUR/USD was rejected at 1.1717 resistance and failed to hold the breakout, slipping back into the channel.
● Price is now trading below 1.1690 with downside momentum pointing toward 1.1593 and 1.1527 support levels.
💡 Fundamental Analysis
● Dollar strength is recovering as US Treasury yields bounce and Fed officials push back against aggressive rate-cut bets. Euro sentiment is weighed by softer PMI data, signaling fading growth momentum in the bloc.
✨ Summary
Bearish below 1.1690; targets 1.1593 → 1.1527. Invalidation on a close above 1.1717.
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● EUR/USD was rejected at 1.1717 resistance and failed to hold the breakout, slipping back into the channel.
● Price is now trading below 1.1690 with downside momentum pointing toward 1.1593 and 1.1527 support levels.
💡 Fundamental Analysis
● Dollar strength is recovering as US Treasury yields bounce and Fed officials push back against aggressive rate-cut bets. Euro sentiment is weighed by softer PMI data, signaling fading growth momentum in the bloc.
✨ Summary
Bearish below 1.1690; targets 1.1593 → 1.1527. Invalidation on a close above 1.1717.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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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.
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.