FBS turns 16

Unlock birthday rewards: from gadgets and dreams cars to VIP trips.Learn more

Apr 22, 2025

Trade ideas

EURUSD Beginning of correction?

EURUSD, H4

EURUSDH422042025.png

The asset has reached a significant resistance and cannot be overcome. The local highs are already starting to decline. The price is near the support level of 1.1487. The MACD indicator shows a bearish divergence.

  • If the asset breaks the support level, the decline will continue to 1.1347.

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.

Share with friends:
FBS Analyst Team

Author: FBS Analyst Team

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.