FX.co ★ Trading tips for EUR/USD

Previous trading tips in EUR/USD point to potential decline in prices

The level of 0.99800 was broken after the release of inflation data in the Euro area. Inflation rising from 8.9 to 9.1% is a positive signal for euro because it means that interest rates are likely to increase from 0.5 to 0.75 at the ECB meeting in September.

Congratulations to those who followed the strategy! The pair moved by as much as 500 pips.

2/3 of short positions can be closed, while 1/3 can be left until the quote reaches 0.99.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks!