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May 23, 2025

Trade ideas

EURUSD: Excellent upside opportunity

EURUSD, Daily

EURUSDDaily.png

In the Daily timeframe, EURUSD formed a bullish flag pattern. The price broke the upper boundary and crossed the upward AMA. At the same time, Momentum rose above 100.0, confirming the possibility of a rise.

  • We consider buying EURUSD only on consolidation above 1.1340 and the nearest fractal with a target to 1.1560;

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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Egor Schmidt

Author: Egor Schmidt

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