empty
20.02.2024 03:44 AM
Tips for trading EUR/USD
Open trading account Open demo account

After declining due to inflation, EUR/USD moved up, approaching the peak, which may have liquidity accumulating behind it.

This image is no longer relevant

Market players should take this opportunity to open long positions, expecting a pullback to two breakdown areas: from the level of 1.07537 and 1.07119. Set stop-loss 1.07318 and 1.07000, and then take profit upon the breakdown of 1.08000.

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 InstaTrade
© 2007-2025

Recommended Stories

How to Trade the GBP/USD Pair on April 21? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD On Friday, the GBP/USD pair showed extremely low volatility, yet the British pound steadily crept upward even with such market conditions
Paolo Greco 05:36 2025-04-21 UTC+2

How to Trade the EUR/USD Pair on April 21? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair showed no movement on Friday. It was Good Friday, and Easter Sunday followed. As a result, many countries
Paolo Greco 05:36 2025-04-21 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 21: The Pound Rises Even on Holidays

The GBP/USD currency pair traded higher again on Friday, albeit with minimal volatility. Despite the lack of important events in the U.S. or the U.K. that day (unlike earlier
Paolo Greco 04:01 2025-04-21 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 21: Easter and Flat Market

On Friday, the EUR/USD currency pair essentially remained flat. By the end of the day, the euro had gained around 20 pips, but overall volatility was practically zero
Paolo Greco 04:01 2025-04-21 UTC+2

How to Trade the GBP/USD Pair on April 18? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD The GBP/USD pair continued to trade higher throughout Thursday. Even at its peak levels, the British pound shows no intention of correcting
Paolo Greco 06:51 2025-04-18 UTC+2

How to Trade the EUR/USD Pair on April 18? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued trading within a sideways channel on Thursday, as shown on the hourly timeframe chart above. The current
Paolo Greco 06:51 2025-04-18 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 18: The British Pound Is Losing Steam

The GBP/USD currency pair continued its upward movement on Thursday, trading near multi-year highs. Despite the lack of significant events in the U.S. or the U.K. (unlike Wednesday), the market
Paolo Greco 03:48 2025-04-18 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 18: The ECB Failed to Move the Market

The EUR/USD currency pair continued to trade sideways on Thursday. While previously it had been moving within a range between 1.1274 and 1.1391, on Thursday, it was stuck
Paolo Greco 03:48 2025-04-18 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 17th (Review of Morning Trades)

In my morning forecast, I focused on the 1.3239 level and planned to base entry decisions around it. Let's look at the 5-minute chart and see what happened. A rise
Miroslaw Bawulski 18:53 2025-04-17 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 17th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.1341 level and planned to base my market entry decisions on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 18:50 2025-04-17 UTC+2
Can't speak right now?
Ask your question in the chat.
 

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 InstaTrade anyway.

We are sorry for any inconvenience caused by this message.