FX.co - Tips for trading EUR/USD

2 January 2024 at 12:26PM (UTC+0)

Relevance until3 January 2024 at 12:07PM (UTC+0)

EUR/USD plummeted, approaching the breakdown area of December 21st. Market players can take advantage of this to work for a rebound.

Tips for trading EUR/USD

Open long positions and set stop-loss at 1.09356. Take profit upon the breakdown of 1.10140.

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Andrey Shevchenko

FX.co ★ Tips for trading EUR/USD