US100 breaks out of the downtrend!

US100 Daily

The asset has broken out of a trending downtrend and is showing growth. Now, the price is near the resistance level of 18985.

If the price can consolidate above the resistance level of 18985, the growth will continue to 20323.

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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