FX.co ★ Trading idea for EUR/USD

The price increase during Monday's US session has left interesting levels in EUR/USD. The pair may return to them after some time.

To trigger a decline and an update of buyers liquidity at 1.05800, traders should take short positions after a false breakout from the February 23 high and the test of February 22 high. Set stop-loss at 1.06200, and then exit by taking-profit upon the breakdown of 1.05800.

The 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.