📊 Technical Analysis
● Breakout: price burst from the July descending wedge, reclaimed 0.8695 former cap, and is now riding a steep intraday channel of higher-highs; the channel mid-line aligns with the broken wedge roof, adding fresh support.
● A pennant is consolidating just above 0.8695; its measured pole and the outer channel top converge at the next horizontal barrier 0.8739.
💡 Fundamental Analysis
● Softer UK July composite-PMI (47.9 vs 50.2 prior) revived BoE cut bets, while ECB speakers flagged “premature to talk easing,” narrowing the rate gap in the euro’s favour.
✨ Summary
Long 0.8695-0.8705; pennant break targets 0.8739. Bias void on a 30 m close below 0.8648.
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● Breakout: price burst from the July descending wedge, reclaimed 0.8695 former cap, and is now riding a steep intraday channel of higher-highs; the channel mid-line aligns with the broken wedge roof, adding fresh support.
● A pennant is consolidating just above 0.8695; its measured pole and the outer channel top converge at the next horizontal barrier 0.8739.
💡 Fundamental Analysis
● Softer UK July composite-PMI (47.9 vs 50.2 prior) revived BoE cut bets, while ECB speakers flagged “premature to talk easing,” narrowing the rate gap in the euro’s favour.
✨ Summary
Long 0.8695-0.8705; pennant break targets 0.8739. Bias void on a 30 m close below 0.8648.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Сделка закрыта: достигнута тейк-профит цена
Closed +16 PIPS
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Похожие публикации
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.