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01.03.202409:13 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.

The downward trend in EUR/USD ended. Most likely, growth will be seen in the pair, in development of a new upward trend.

Exchange Rates 01.03.2024 analysis

Buy euro and work for a pullback towards the breakout area. Set stop-loss at 1.07951, and take profit upon the breakout from 1.09000.

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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