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June 26, 2025

Trade ideas

EURUSD: Ascending Channel

EURUSD, H4

EURUSDH4.png

The asset is in an uptrend, forming the ascending channel.

The price retests the upper boundary, while the RSI shows the overbought conditions for the EURUSD.

  • Consider a short trade on EURUSD on a break below the 1.1710 support, with the target at 1.1600 support.

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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