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      Eyeing 1.1200?

      Alan

      Forex

      Summary:

      The EU's downward revision of 2026 euro-area GDP growth adds fundamental weight to the single currency. Meanwhile, a completed Head-and-Shoulders top on the hourly chart reinforces near-term bearish momentum.

      Sell

      EURUSD

      EXP
      Trading

      1.15282

      Entry Price

      1.12500

      TP

      1.16600

      SL

      1.15238 +0.00032 +0.03%

      0

      Point

      Flat

      1.12500

      TP

      CLOSING

      1.15282

      Entry Price

      1.16600

      SL

      Fundamentals

      Euro area flash CPI eased to 2.1% YoY in October, a whisker below September's print but still hugging the ECB's 2% target. Core inflation and services prices remain sticky, signalling that domestic price pressures have not yet dissipated. Eurostat and the major wire services characterise the modest deceleration as giving the Governing Council extra "breathing room" and a wider observation window: the ECB can stay on hold—i.e., refrain from an additional rate cut or overt dovish pivot—until it sees convincing evidence that inflation is durably converging to target.
      Recent Executive Board remarks underline a data-dependent, "patient but prudent" stance: future easing is neither pre-committed nor ruled out, and the ECB will not over-react to short-term volatility. This posture removes an immediate bullish catalyst for the euro.
      At the same time, the European Commission trimmed its 2026 GDP forecast for the currency bloc to 1.2% (from 1.4%), citing weaker external demand, rising trade frictions and the budgetary cost of geopolitical spending as key drags on medium-term growth. In short, while the near-term disinflation narrative keeps the door open for eventual policy accommodation, the growth downgrade and lingering tail-risks cap the euro's structural upside momentum.

      Technical AnalysisEyeing 1.1200?_1

      On the daily chart, EURUSD has completed a head-and-shoulders top with the neckline at 1.1580 clearly violated, giving the bears fresh impetus.  
      The pair remains capped below the SMA60, while both the SMA10 and SMA20 have crossed below the SMA144, generating a textbook death-cross and keeping sentiment tilted to the downside.  
      First support on the radar is 1.1468. A decisive break would open the door to 1.1200.

      Trade Recommendations

      Trade Direction: Sell
      Entry Price: 1.1520
      Target Price: 1.1250
      Stop Loss: 1.1660
      Valid Until: December 8, 2025, 23:00:00
      Support: 1.1468/1.1200
      Resistance Levels: 1.1580/1.1656
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

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