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08.09.202311:18 Forex Analysis & Reviews: Tips for trading 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.

A breakout occurred in EUR/USD after a bullish momentum earlier. This can be used as a basis when finding seller liquidity below 1.07500.

Exchange Rates 08.09.2023 analysis

The movement signals that traders could buy from the breakout, with stop-loss placed at 1.06900 and take-profit set upon the breakdown of 1.07500.

The trading idea came from 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.

Andrey Shevchenko
Analytical expert of InstaForex
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