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EURUSD April 25, 2024: A Rising Channel

OANDA:EURUSD   Euro / U.S. Dollar
On April 24, 2024 2:43AM UTC EURUSD is moving in a rising channel as shown on the 4h chart

A breakdown below this channel would suggest a further decline to 1.0542 (first target) and 1.0402 (second target)

If using a sell stop order, one can place the stop loss right above the lower boundary of the rising channel.

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