Apr 21, 2025
Trade ideas
XBRUSD, H2
The IEA follows OPEC in lowering its forecast for oil demand growth of 300,000 bpd in 2025 due to trade wars, predicting a market surplus in 2026.
XBRUSD is breaching below the rising wedge pattern, facing the 65.30 support area.
We are considering selling XBRUSD on consolidation below 65.30 with a target of 62.50.
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.
Author: Timur Yurdagyul
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