FX.co ★ Trading tips for EUR/USD

A strong US inflation data came out yesterday. It showed that consumer prices grew, which is different to what analysts expected.

Before the news was released, market players were actively betting on the weakening of dollar, pushing the EUR/USD pair up. However, after the report was published, sentiment changed sharply.

Such a development formed a pin bar in the D1 chart.

In this situation, the best action is to work on lowering the prices, preferably under this week's low:

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

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