FX.co ★ Tips for trading EUR/USD

Dollar rose sharply, following the Fed's press conference yesterday. It strengthened in the wake of broader forecasts for interest rate hikes.

Short-term liquidity, on the other hand, remained untouched.

Looking at the indicators, traders could consider long positions from the breakdown, with stop-loss placed at 1.06171 and take-profit set upon the breakdown of 1.07362, 1.07465, and 1.07700.

This trading idea follows 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.