For Traders

Analytical Reviews

Trading plan

12.01.202213:10 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.

EUR / USD rose amid an unexpected market reaction over the US NFP report. Then, the recent statements of Fed Chairman Jerome Powell strengthened further the bullish trend in the pair.

Today, movement will depend on the upcoming report on US inflation, as that would decide whether the Fed will take further steps in monetary policy. At the moment, sellers are in the most vulnerable position, so it is best for them to limit their losses near the yearly high at 1.13870. Short positions should be taken only after a false breakout of 1.13870, while long positions can be closed at the same level.

All these are based on the framework of price action and stop hunting strategies.

Good luck and have a nice day!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.