📊 Technical Analysis
● EURUSD is consolidating inside a narrowing wedge after rebounding from the 1.1160 support area. The rising support line continues to hold, while descending resistance limits the recovery.
● Short-term technical indicators have turned bullish, with 9 Buy signals against 1 Sell on Investing.com. However, the broader moving-average structure remains bearish, suggesting the current recovery could still be a correction within the prevailing downtrend. Investing.com
● A breakout above the wedge could push the pair toward the 1.1270–1.1280 resistance zone. Holding the rising support is crucial for this scenario, while a breakdown would expose the recent lows again.
💡 Fundamental Analysis
● The US dollar remains near an 18-month high as geopolitical tensions and concerns over global inflation sustain demand for the safe-haven currency. This continues to weigh on the euro's recovery potential.
● French fiscal instability remains a key source of pressure on the euro. Political uncertainty and concerns over public debt are limiting confidence in the single currency, even as EURUSD attempts to stabilize.
● Markets are now focused on Wednesday's US CPI report, which could reshape expectations for the Federal Reserve's next policy moves. Softer inflation could weaken the dollar and support a breakout, while a stronger reading could reinforce selling pressure on EURUSD.
✨ Summary
● EURUSD is showing improving short-term momentum inside a narrowing wedge, with 1.1270–1.1280 as the main upside target. A confirmed breakout would strengthen the recovery scenario, although dollar strength and the broader bearish trend remain significant obstacles.
Share your opinion in the comments and support the idea with a like. Thanks for your support!
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
