FX.co ★ Tips for trading EUR/USD

EUR/USD has been trading upwards for the last two days, accumulating sellers' liquidity at 1.09400.

Considering the three-wave pattern (ABC) in the pair, where wave A represents Friday's and Monday's bullish momentum, market players could buy euro today, with stop-loss set at 1.08700. Take profit upon the breakout of 1.09400, 1.1, and 1.11.

The trading idea came from the "Price Action" and "Stop Hunting" methods.

Good luck in trading and don't forget to control the risks! Have a nice day