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11.10.202211:27 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 11.10.2022 analysis

EUR/USD has declined by 3,000 pips over the past 5 trading days. There is a clear trend towards a decrease in the daily ATR, which indicates the fatigue of sellers and a potential correction.

Exchange Rates 11.10.2022 analysis

Most likely, market corrections will occur ahead of this week's release of CPI data in the US. And with the areas left by traders from the fall last week, there are excellent levels for liquidity, as well as places for stop orders.

Exchange Rates 11.10.2022 analysis

Long positions should be taken to break the bearish trend.

Exchange Rates 11.10.2022 analysis

Traders should look out for signals before breaking through the above levels.

This trading idea is 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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