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FX.co ★ Tips for trading EUR/USD

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Forex Analysis

13 February 2024 at 10:45AM (UTC+0)
iconRelevance until14 February 2024 at 10:25AM (UTC+0)

Tips for trading EUR/USD

EUR/USD traded downward after a strong breakdown during yesterday's European session. Now, it formed a double bottom, which market players can set as a target price level.

Tips for trading EUR/USD

See also: You can open a trading account here

Open short positions, expecting a pullback to the breakdown area, and set stop-loss at 1.08050. Take profit upon the breakdown of.07558 and 1.07230.

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
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