EURUSD: Critical Momentum

EURUSD, H4

EURUSD is recovering after a bearish trend and faces the crucial 1.0520 resistance level.
The RSI oscillator crosses the 50-line upwards, giving a sign of a recovery, however the bearish trend is still strong.

If the price breaks above the 1.0520, it will trigger a rise to 1.0600 resistance.
However, breaching below the trendline will drop the asset the 1.0400 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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Author: Timur Yurdagyul

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