FX.co ★ Tips for trading EUR/USD

EUR/USD formed an interesting area, which market players will most likely pursue, ignoring the bullish momentum from current prices.

In this situation, the best action could be opening short positions, up to a false breakout of the round level of 1.08. After this, there will be a large three-wave pattern, where wave A represents Wednesday's upward movement.

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.