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DeGRAM | EURUSD broke up the descending channel

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📊 Technical Analysis
● EUR/USD rebounded from 1.1660 support and is testing the descending channel’s upper boundary.
● A breakout above 1.1750 could trigger momentum toward 1.1820, with 1.1659 as key downside invalidation.

💡 Fundamental Analysis
● Dollar weakness persists as markets anticipate softer U.S. inflation data, while euro strength is supported by improved Eurozone consumer sentiment.

Summary
EUR/USD targets 1.1750–1.1820 after rebounding from 1.1660 support. A breakout signals bullish continuation, while a drop below 1.1659 invalidates the setup.

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