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29.02.2024 12:43 PM
Tips for trading EUR/USD
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The target for EUR/USD continues to be the sellers' area at the level of 1.09, especially after the weak GDP data in the US.

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Opening long positions in lower timeframes will allow such a movement to develop.

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Buy euro to work for a pullback towards the breakdown area. Set stop-loss at 1.08 and take profit upon the breakout of 1.09.

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 InstaTrade
© 2007-2025

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