empty
13.09.2023 09:12 AM
Tips for trading EUR/USD

This image is no longer relevant

The upward momentum observed in EUR/USD during yesterday's US session confirms seller liquidity at the mirror level of 1.07700. This, along with today's inflation data in the US, may prompt another increase in the pair.

This image is no longer relevant

Looking at the three-wave pattern (ABC), where wave A represents yesterday's bullish movement, traders could open long positions with stop-loss palced at 1.07070 and take-profit set on the breakdown of 1.07700.

This 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 April 28th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.3342 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and see what

Miroslaw Bawulski 19:19 2025-04-28 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 28th (Review of Morning Trades)

In my morning forecast, I focused on the 1.1391 level and planned to make trading decisions from there. Let's look at the 5-minute chart and see what happened. Although there

Miroslaw Bawulski 19:07 2025-04-28 UTC+2

How to Trade the GBP/USD Pair on April 28? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair also showed no interesting movements on Friday. Like the euro, the British pound remained very close to a flat

Paolo Greco 05:51 2025-04-28 UTC+2

How to Trade the EUR/USD Pair on April 28? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued to trade sideways on Friday. The market continues to ignore all macroeconomic data, and last week once

Paolo Greco 05:51 2025-04-28 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 28: The Pound Does Not Believe in De-escalation

The GBP/USD currency pair continued sideways trading on Friday, holding near three-year highs. The fact that the British pound refuses even a slight downward correction shows the market's disbelief

Paolo Greco 04:14 2025-04-28 UTC+2

Trading Recommendations and Analysis for EUR/USD April 28: The Flat Continues

The EUR/USD currency pair continued trading sideways throughout Friday. In the second half of last week, the euro traded exclusively between the levels of 1.1321 and 1.1391, although the overall

Paolo Greco 04:13 2025-04-28 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 25th (Review of Morning Trades)

In my morning forecast, I focused on the 1.3310 level and planned to make trading decisions from there. Let's look at the 5-minute chart and see what happened. A rise

Miroslaw Bawulski 19:05 2025-04-25 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 25th (Review of Morning Trades)

In my morning forecast, I focused on the 1.1391 level and planned to make entry decisions around it. Let's take a look at the 5-minute chart and assess what happened

Miroslaw Bawulski 19:00 2025-04-25 UTC+2

How to Trade the GBP/USD Pair on April 25? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD The GBP/USD pair continued to trade upward on Thursday despite the absence of any objective reasons for such movement. There were

Paolo Greco 07:06 2025-04-25 UTC+2

How to Trade the EUR/USD Pair on April 25? Simple Tips and Trade Analysis for Beginners

On Thursday, the EUR/USD currency pair traded with a slight upward bias, although it would have been more logical to see a decline in the second half

Paolo Greco 07:06 2025-04-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.