For Traders

Analytical Reviews

28.11.202217:18 Forex Analysis & Reviews: EUR/USD climbed up. Is it time to buy or to sell?

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, 4-hour (H4) TF

Euro started rising despite not having any support from important news. Technically, the situation looks like the beginning of an upward wave; however, there seems to be no strong upside potential, especially since a new rate hike from the Fed is ahead. High gas, heating and electricity prices in the Euro area is also a problem.

With this situation, it is safer to sell gradually, that is, ramping up selling volumes about every 80 pips. That is likely to prompt a large correction, or at most a downward reversal.

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.