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07.03.202412:54 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.

Exchange Rates 07.03.2024 analysis

The previous trading plan for EUR/USD talked about a potential increase in prices.

Exchange Rates 07.03.2024 analysis

Yesterday, during the US session, the pair surpassed the weekly level of 1.09, leading to the closure of long positions.

Exchange Rates 07.03.2024 analysis

Congratulations to everyone who followed the strategy! Euro gained as much as 1,000 pips. Close long positions now to get profit.

The trading idea followed 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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