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28.11.202310:48 Forex Analysis & Reviews: Tips for trading EUR/USD

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Exchange Rates 28.11.2023 analysis

EUR/USD neared the November peak, but did not surpass it, thereby bouncing into a correction. In this situation, sellers may set their risks only below the level of 1.09861.

Exchange Rates 28.11.2023 analysis

Looking at the movement, traders may consider short positions and set stop-loss at 1.09263 and 1.08946. Take profit on the breakdown of 1.09861.

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.

Andrey Shevchenko
Analytical expert of InstaForex
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