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29.02.202412:43 Forex Analysis & Reviews: Tips for trading EUR/USD

The target for EUR/USD continues to be the sellers' area at the level of 1.09, especially after the weak GDP data in the US.

Exchange Rates 29.02.2024 analysis

Opening long positions in lower timeframes will allow such a movement to develop.

Exchange Rates 29.02.2024 analysis

Buy euro to work for a pullback towards the breakdown area. Set stop-loss at 1.08 and take profit upon the breakout of 1.09.

The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2025
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