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27.12.202111:49 Forex Analysis & Reviews: Trading tips for EUR/USD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Following the plan presented last December 22, EUR/USD is approaching 1.13850, our target level for profit taking.

Exchange Rates 27.12.2021 analysis

Because of this, the key level for today is the support level of 1.13.

Exchange Rates 27.12.2021 analysis

That is important for buyers because until it is broken, they will have a chance to stay in the market.

So, if you are buying, continue holding positions to 1.13850, with risks at 1.12900.

This trading idea is based on the framework of price action and stop hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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