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Apr 29, 2025

Trade ideas

EURUSD Is On the Rise

EURUSD, H4

EURUSDH4.png

On the H4, EURUSD is following the trendline and facing the 1.1420 resistance, with the 50-MA giving additional resistance for the asset. Currently, MACD crosses the 0-line upwards, suggesting a bullish momentum.

  • Consider a long trade on a breaking above the 1.1420 resistance area, with the target at the 1.1530 level.

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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Timur Yurdagyul

Author: Timur Yurdagyul

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