FX.co ★ Tips for trading EUR/USD

A bearish momentum occurred in EUR/USD during today's Asian session.

ILooking at the three-wave pattern (ABC) where wave A represents the downward movement, traders could consider short positions, with stop-loss set at 1.06. Take profit upon the breakdown of 1.0557.

The 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.