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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs,Thursday April 25 2024.
00:32 2024-04-25 UTC--4
Exchange Rates analysis

On the 4 hour chart of EUR/USD main currency pairs,Fiber seems corrected strong and the weakness condition currently seems trying to break above the level 1,0715. If this level managed to break above, then the next level to be aimed is 1,0757. But please be careful because of the appearance of the Ascending Broadening Wedge pattern followed by the appearance of deviation between EUR/USD price movement with Stochastic Oscillator indicator which formed Double Top where at the same time suddenly if the strengthening correction has the downward momentum so that if the currency pairs returns to the initial bias, especially if it breaks below the level 1,0679, then the strengthening correction that has been described before will become invalid and will cancel itself.

(Disclaimer)

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.