FX.co ★ Trading tips for EUR/USD

EUR/USD rose after the Fed announced another rate hike, followed by a dovish speech from Jerome Powell.

From a technical point of view, this increase looks like a buyers' trap, especially ahead of today's news and the ECB press conference. After all, there is more than 2,000 pips to the buyers' liquidity.

The best maneuver in this situation is to look for bearish signals, holding on to short positions near the level of 1.08.

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

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