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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Trading the trend: long EUR/USD

EUR/USD has been rising since mid-April and last week broke through its downtrend line.

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We would thus like to benefit from the current minor retracement lower and go long the cross with a stop loss at $1.0690 and an upside target around the $1.1100 region.

(AI Video Summary)

Previous spot gold, GBP/JPY and TUI trading outcomes

In the latest episode of "Trading the Trend," Axel Rudolph discusses recent successful trades, such as going long on spot gold at $2,285, with a climb towards a target of $2,500, and buying GBP/JPY at approximately ¥193.75, moving towards ¥200 target. Both trades have been profitable.

However, a less successful trade involved buying TUI at €6.15, which has since declined. A stop loss error was noted, suggesting a correction to €513.50. The year-to-date profit stands at 40%.

This week's trading opportunity

For the upcoming week, the show recommends going long on EUR/USD, with a stop loss at $1.0690 and a target of $1.1100, following a break through a downtrend line.


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