Trading EURUSD, how to make money on this currency pair.

The two currencies that form this trading tool give it enormous popularity, since it is in them that most transactions are made on the Forex and domestic foreign exchange markets.

Trading the EURUSD currency pair is quite complex and has a lot of features, this is due to the fact that the exchange rate of the Euro and the American dollar is not stable; a lot of news comes out during the day causing it to change, which interferes with stable trading.

But after analyzing the behavior of a given currency pair for a month, you can create your own Forex strategies.

Taking into account the features of EURUSD, it is realistic to choose two trading options:

• Long-term - when a deal is opened once every few days and held for 2-4 days.

In this case, you can get several hundred points of profit, but the disadvantage is that the entry point should be as close as possible to a significant minimum or maximum price. And the price itself moves in the opposite direction. That is, for example, the trend turned around at the maximum and began its decline or vice versa.

Only in this case can you count on stable profits. Moreover, the maximum - minimum price should be truly significant. • Short-term - or Intraday trading , there are much more variations here, the duration of transactions can range from several minutes to several hours.

The simplest and most interesting option would be to trade on flats, which so often occur in EURUSD in the evening and at night.

Open the chart of the currency pair on H1 and you will immediately see this pattern, which is easy to use when choosing an entry point into the market.

The essence of the strategy is as follows: a few hours after the market has entered a flat state, we determine the boundaries of the price channel and place pending orders for a breakout at a distance of 15-20 points beyond these boundaries.

After this, you just have to wait for them to trigger; losses are limited using stop loss, and profit is fixed by take profit.

A feature of intraday trading in EURUSD is a large number of corrections, so one transaction can bring at most no more than a few dozen points. Holding positions for a longer period of time creates a risk of loss.