EURUSD, H4
EURUSD breaks below the trendline and 200-MA; the price currently aims to retest the 1.0350 support.
Two scenarios are possible in this setup:
- If the price bounces from the 1.0350 support, EURUSD can rise toward 1.0420.
- However, if the price breaks below the support zone, it may trigger a decline towards 1.0270.
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
