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29.03.202315:11 Forex Analysis & Reviews: Trading tips for EUR/USD

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Exchange Rates 29.03.2023 analysis

EUR/USD has stopped moving after rallying for two days. This is likely to cause a correction, in which the targets will be the levels where buyers placed their stop orders.

Exchange Rates 29.03.2023 analysis

Considering this, it is best for traders to open short positions, with stop loss set at 1.09. Take profit upon the breakdown of 1.08150.

The trading idea was 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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