FX.co ★ Trading idea for EUR/USD

EUR / USD is currently trading between the 50% and 61.8% retracement levels.

The H1 chart shows that there is a strong pressure at 1.16500.

As such, traders should close 2/3 of the positions upon reaching 1.16500 and leave 1/3 until the price hits 1.19.

Be careful on going short amid a weak dollar!

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!