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01.03.2024 09:13 AM
Tips for trading EUR/USD

The downward trend in EUR/USD ended. Most likely, growth will be seen in the pair, in development of a new upward trend.

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Buy euro and work for a pullback towards the breakout area. Set stop-loss at 1.07951, and take profit upon the breakout from 1.09000.

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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