FX.co ★ Tips for trading EUR/USD

Good day, traders! EUR/USD increased in price once again, after seeing a pullback that followed the update of the yearly highs last week.

In fact, there is now a three-wave pattern (ABC), where wave A represents yesterday's bullish momentum.

Traders can enter the market by buying up to the 50% retracement level, with stop loss set at 1.09880 and 1.09600. Exit by taking profit upon the breakdown of 1.10400 and 1.11000.

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.