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FX.co ★ Trading tips for EUR/USD

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Forex Analysis:::2022-06-24T09:18:27

Trading tips for EUR/USD

Just like in the previous days, EUR/USD close lower after the US trading session.

Trading tips for EUR/USD

This bearish momentum can be used as a guide when trading in the market today.

Trading tips for EUR/USD

Given that there is a three-wave pattern (ABC), where wave A represents the selling pressure yesterday, traders can sell from current prices up to the 50% retracement level. Set stop loss at 1.06 and take profit on the breakdown of 1.03300.

Trading tips for EUR/USD

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!

Analyst InstaForex
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