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23.02.2024 01:11 PM
Tips for trading EUR/USD

EUR/USD continued to be in a bullish trend despite the downward momentum yesterday. Currently, it trades at the breakdown area reached during yesterday's US session.

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Market players should take this opportunity to open long positions, expecting a pullback towards the breakdown area. Set stop-loss at 1.08050 and take profit upon the breakout of 1.08448 and 1.09.

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The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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