FX.co ★ Trading idea for EUR/USD - pull up transaction risks

Line with the with In strategy for last on Friday , the surge of short positions led EUR / USD around to address close e-50 and 61.8% Fibonacci.

However, since the pair is breaking out of the two-day flat now, betting on a decline is not the smartest action.

Thus, what we should do next is to shift into long positions, especially since an FOMC press conference is scheduled this week. The event will certainly help raise demand for the euro in the market.

Use Price Action or Stop Hunting strategies to find the best entry levels in the market.

Good luck!