empty
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.

This image is no longer relevant

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.

This image is no longer relevant

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
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on May 2nd (Review of Morning Trades)

In my morning forecast, I focused on the 1.3313 level and planned to make trading decisions from there. Let's take a look at the 5-minute chart and break down what

Miroslaw Bawulski 12:14 2025-05-02 UTC+2

EUR/USD: Trading Plan for the U.S. Session on May 2nd (Review of the Morning Trades)

In my morning forecast, I highlighted the 1.1337 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened there

Miroslaw Bawulski 12:06 2025-05-02 UTC+2

GBP/USD: Trading Plan for the European Session on May 2. Commitment of Traders (COT) Reports (Trade Review). The Pound in a Difficult Position

Several entry points into the market were formed yesterday. Let's look at the 5-minute chart and break down what happened. I highlighted the 1.3282 level in my morning forecast

Miroslaw Bawulski 07:53 2025-05-02 UTC+2

EUR/USD: Trading Plan for the European Session on May 2. Commitment of Traders (COT) Reports (Trade Review). The Dollar Reacts to Any Positive Data

Yesterday, several entry points into the market were formed. Let's look at the 5-minute chart and analyze what happened. In my morning forecast, I highlighted the 1.1320 level

Miroslaw Bawulski 07:53 2025-05-02 UTC+2

How to Trade the GBP/USD Pair on May 2? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair continued its downward movement, although the overall picture still closely resembles a sideways range. The British pound

Paolo Greco 06:31 2025-05-02 UTC+2

How to Trade the EUR/USD Pair on May 2? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD currency pair continued its downward movement and reached the 1.1275 level by the end of the day, which

Paolo Greco 06:31 2025-05-02 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 2: The Dollar Faces a Tough Test

The GBP/USD currency pair continued to correct downward following Monday's rally and against the broader uptrend. There was no reason to expect the kind of price action that ultimately unfolded

Paolo Greco 03:47 2025-05-02 UTC+2

Trading Recommendations and Analysis for EUR/USD on May 2: Third Consecutive Day of Dollar Strength

The EUR/USD currency pair continued its mild upward movement on Thursday. The ongoing rise of the U.S. dollar looks strange, but strange price behavior has become the norm in recent

Paolo Greco 03:47 2025-05-02 UTC+2

GBP/USD: Trading Plan for the U.S. Session on May 1st (Review of the Morning Trades)

In my morning forecast, I focused on the 1.3282 level and planned to make entry decisions based on it. Let's take a look at the 5-minute chart and see what

Miroslaw Bawulski 18:42 2025-05-01 UTC+2

EUR/USD: Trading Plan for the U.S. Session on May 1st (Review of the Morning Trades)

In my morning forecast, I focused on the 1.1320 level and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart

Miroslaw Bawulski 18:38 2025-05-01 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback