EUR/USD, the most heavily traded currency pair in the forex market, provides a wealth of attractive opportunities for retail traders. Its unparalleled popularity and deep liquidity create a dynamic environment where numerous strategic approaches can thrive. In this article, we’ll examine 10 of the most widely employed strategies by seasoned traders.
Trend Trading: Trend trading involves identifying and following the prevailing direction of the market. Traders using this strategy will look for trends in EUR/USD, whether it’s an uptrend or a downtrend, and enter positions in the direction of that trend. Technical indicators such as moving averages, MACD, and trend lines are commonly used to identify and confirm trends.
