FX.co ★ Trading tips for EUR/USD

A false breakdown occurred in EUR/USD yesterday, followed by a sharp increase towards the weekly high. Then, there was a slight rollback, which gave buyers an opportunity to open new positions.

Tomorrow's employment report from the US will affect market sentiment.

As such, traders must limit short positions in order to avoid falling into the trap of sellers.

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

Good luck and have a nice day!