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Oct 07, 2025

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EURUSD: Wedge breakout

EURUSD, Daily

EURUSDDaily.png

In the daily timeframe, EURUSD broke through the lower trend line of the rising wedge, falling below MA50. The lips crossed the jaw on the Alligator, confirming the possibility of a decline.

  • We are considering selling #EURUSD only if it consolidates below 1.1650 and the nearest fractal, with targets at 1.1580 and 1.1500.

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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Egor Schmidt

Author: Egor Schmidt

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