FX.co ★ Trading tips for EUR/USD

Since the bullish scenario remains in EUR / USD, traders can continue taking long positions and use the "Stop Hunting" strategy.

The main target is to reach 1.14.

Since there are three wave patterns in the pair (ABC) and wave A represents the buying pressure in the market, traders can open long positions up to the 50% retracement level of 1.2455. Stop loss could be set at 1.12300, and take profit on the breakdown of 1.4.

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

Good luck and have a nice day!