XBRUSD: Slight Decline

XBRUSD, H4

On the H4, XBRUSD broke the trend line after a small rise! The price is testing an important support area and MA100. MACD confirms the possibility of a decline.

We consider selling XBRUSD only on consolidation below 63.60 with targets to 62.50 and further to 60.70;

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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