FX.co ★ Trading tips for EUR/USD

EUR / USD edged higher on Tuesday, creating a new high in the market.

Based on the stop hunting strategy, the next target should be a double top at 1.13000.

When the quote reaches 1.13000, the second target will be 1.13827, where sellers are located.

Growth will be driven by the US GDP data, which will be released later in the afternoon.

This bullish scenario will not happen if the quote drops below 1.12600 and 1.12300.

This trading idea is based on the price action and stop hunting strategies.

Good luck and have a nice day!