FX.co ★ Trading tips for EUR/USD

EUR/USD formed a pin-bar and closed near the yearly low of 1.03500 after the Fed raised rates more than expected.

In this situation, those who worked to increase the pair over the past month can limit their risks to only 1.03500, which is a classic trap for market players.

In the weekly TF, the pair is also trading at five-year lows, which are also likely to be broken.

This means that traders should avoid taking long positions, and open short ones instead.

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!