EUR/USD: Range-Top Rejection Setup Below 1.1500

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EUR/USD: Range-Top Rejection Setup Below 1.1500Euro vs. US DollarFX:EURUSDElibri_EugenπŸ“Š Trade Plan πŸ”» Entry point: 1.14630 🎯 Take Profit 1: 1.14090 🎯 Take Profit 2: 1.13620 πŸ›‘ Stop Loss: 1.15290 πŸ“° Fundamental Picture US inflation data weakened the near-term monetary tightening case. June headline CPI declined 0.4% MoM, while core CPI was unchanged. Producer prices also declined 0.3% in June. These figures have weighed on the US Dollar by reducing expectations of immediate Federal Reserve tightening. At the same time, ECB policymakers continue to signal that they are prepared to act if inflation risks persist, providing underlying support to the Euro. ❌ Invalidation A clean H4 close above 1.15000, followed by a successful retest, invalidates the short scenario. Above this area, bullish continuation towards 1.16200 becomes possible.