See also
After declining due to inflation, EUR/USD moved up, approaching the peak, which may have liquidity accumulating behind it.
Market players should take this opportunity to open long positions, expecting a pullback to two breakdown areas: from the level of 1.07537 and 1.07119. Set stop-loss 1.07318 and 1.07000, and then take profit upon the breakdown of 1.08000.
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.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Analysis of Tuesday's Trades 1H Chart of GBP/USD The GBP/USD pair also plummeted on Tuesday following the release of the U.S. inflation report. In recent weeks, the British pound
Analysis of Tuesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair plunged sharply on Tuesday following the release of the U.S. inflation report. As the saying goes, nothing foretold
On Tuesday, the GBP/USD currency pair continued its downward movement. Although core inflation in the U.S. rose exactly in line with forecasts—and the core rate even accelerated less than expected—the
For most of Tuesday, the EUR/USD currency pair continued to trade with minimal volatility, moving sideways. The Eurozone industrial production report showed a relatively strong reading
Analysis of Monday's Trades 1H Chart of GBP/USD On Monday, the GBP/USD pair continued its downward movement. Recently, the euro and the pound have shown low correlation, as the euro
Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair formally continued its downward movement but in practice traded sideways with low volatility for the second
The GBP/USD currency pair continued its downward movement throughout Monday. Despite the absence of macroeconomic news in both the UK and the US, the market still found new reasons
The EUR/USD currency pair moved sideways throughout Monday. In our previous article, we anticipated that there wouldn't be a strong move on the first trading day of the week
Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair traded with a relatively substantial decline on Friday. Why did the British pound fall again while the euro remained
Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair continued its mild downward movement, in line with the current trend. We've been saying the same
InstaTrade video
analytics
Daily analytical reviews
InstaTrade
PAMM accounts
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.