XBRUSD: Bullish signal!

XBRUSD: H4

The inverted head-and-shoulders pattern on the chart indicates that the growth is likely to continue. Now, the price is testing the resistance level of 65.60.

If the price can break the level of 65.60, the growth will continue to 68.20.

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: FBS Analyst Team

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