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29.03.2023 03:11 PM
Trading tips for EUR/USD

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EUR/USD has stopped moving after rallying for two days. This is likely to cause a correction, in which the targets will be the levels where buyers placed their stop orders.

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Considering this, it is best for traders to open short positions, with stop loss set at 1.09. Take profit upon the breakdown of 1.08150.

The trading idea was based on the "Price Action" and "Stop hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
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