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03.02.2023 02:11 PM
Trading tips for EUR/USD

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With the December US unemployment data coming out today, it is likely that EUR/USD will see another decline in prices, especially since selling pressure has been strong in the market since yesterday.

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In fact, there is now a three-wave pattern, in which wave A represents the bearish momentum on Thursday. Traders can enter the market by selling on a rebound from 1.0980, with stop-loss set at 1.1032. Exit by taking-profit upon the breakdown of 1.0883 and 1.08

This idea is based on the "Price Action" and "Stop Hunting" strategies.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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