FX.co ★ Tips for trading EUR/USD

Buyer liquidity began to accumulate behind the very important extreme for buyers in EUR/USD located at 1.08340.

In fact, on the M15 timeframe, a breakdown occurred around the level of 1.09.

Market players can take this opportunity to open short positions at the test of 1.0930, with stop-loss placed at 1.09200 and take-profit set upon the breakdown of 1.08350.

The trading idea came from the framework of the "Price Action" and "Stop Hunting" strategies.

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