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23.02.202112:29 Forex Analysis & Reviews: Trading idea for EUR/USD

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Exchange Rates 23.02.2021 analysis

As expected, EUR / USD traded upwards, heading towards 1.21900, which is near the round level of 1.22

Exchange Rates 23.02.2021 analysis

Of course, this trapped sellers around 1.21900, which means that it is not a good idea to open short positions, at least until the quote falsely breaks through 1.22.

This plan follows the Price Action and Stop Hunting strategies.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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