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26.01.202309:58 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.

Exchange Rates 26.01.2023 analysis

The plan presented last January 24 was to decrease EUR/USD according to this scenario:

Exchange Rates 26.01.2023 analysis

But on the next day, economic reports were positive, so the plan shifted into driving the prices up during the US session.

Exchange Rates 26.01.2023 analysis

The picture below shows the performance of EUR/USD in the past day.

Exchange Rates 26.01.2023 analysis

Congratulations to those who followed the strategy! The pair moved by more than 1,000 pips.

Traders can exit the market by taking-profit at the current prices.

The trading ideas were based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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