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June 17, 2025

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EURUSD: The Ascending Channel

EURUSD, H4

EURUSDH4.png

On the H4, EURUSD navigates within an ascending channel, currently forming a symmetrical triangle inside.

The Momentum oscillator crosses the 100-line, giving a mixed sentiment for the asset.

  • If the price breaks above 1.1590, a bullish scenario to 1.1660 will begin;
  • Breaching below the 1.1540 support will trigger a decline toward 1.1490.

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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