DeGRAM | EURUSD fixed above the lower boundary of the channel

📊 Technical Analysis
● Euro keeps stair-stepping along the inner trend-line of the 2-month rising channel; each dip to the line (green arrows) is met with higher lows, confirming firm demand around 1.1485-1.1500.
● Friday’s break back above the former wedge cap turned 1.1550 into support; clearing the last swing high at 1.1605 would expose the channel median / fib cluster at 1.1650, with the upper rail near 1.1745 as an extension.

💡 Fundamental Analysis
● Softer US retail-sales and a slump in NY Fed manufacturing pulled Treasury 2-yr yields under 4.70 %, while ECB speakers warned that further cuts “are not a given,” narrowing the rate gap and reviving euro bids.

✨ Summary
Long 1.1520-1.1560; hold above 1.1550 targets 1.1650 ➜ 1.1745. Bias void on an H4 close below 1.1480.

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