Open account
Open accountLog In
Open account

July 21, 2025

Trade ideas

EURUSD: Test of descending channel

EURUSD, H4

EURUSDH4.png

On the H4, EURUSD has formed a descending channel pattern. The price has reached the upper trend line, and a divergence has formed on the RSI.

  • If the price breaks the trendline above 1.1650 and MA50, it will start rising to 1.1690 and 1.1730;
  • A bounce from the trendline will drop EURUSD to 1.1590.

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.

Share with friends:
Egor Schmidt

Author: Egor Schmidt

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.