Trading tips for EUR/USD

Top 10 Stocks to Watch: August 2023 - BY: RYAN SULLIVAN

Relevance up to 09:00 2022-06-23 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Following the strong price movement earlier this month, EUR/USD bounced back to the 50% retracement level and tested it for several days. This ended with a sharp decline last night and today during the Asian trading session.

The target is the monthly low, just like this scenario:

The pair has been trading at lows over the past 5 years, and if quotes decrease according to the pattern above, it is highly likely that the five-year low will be broken.

The best action for this situation is to abandon long positions, and focus on short positions with targets at yearly lows. This strategy is based on the Price Action and Stop Hunting methods. Good luck and have a nice day!


Read more:

Top 10 Stocks to Watch: August 2023 - BY: RYAN SULLIVAN

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.