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Apr 23, 2025

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EU50: Growth Continuation

EU50, Weekly

EU50Weekly.png

In the Weekly timeframe, EU50 formed an ascending channel pattern. The price falsely broke the lower trendline and started rising again, testing the TEMA. The CCI also confirms the possibility of a rise!

  • We consider buying EU50 on consolidation above 5100 with targets to 5300 and further to 5500;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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