XBRUSD: A moment of growth

XBRUSD, Daily

In the Daily timeframe, XBRUSD broke the trend line after a short-term decline. The price is consolidating at an important resistance, with MACD pointing upwards. Chaikin also moved above 0.

We consider buying XBRUSD on consolidation above 72.70 with a target to 75.40;

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: Egor Schmidt

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