FX.co ★ Tips for trading EUR/USD

After a good upward momentum observed last week, a correction occurred in EUR/USD, which provides good prices for buyers, all within the ABC pattern.

Use the breakdown as a reference point for finding positions.

Looking at the pattern, traders could consider long positions, with stop-loss set at 1.06595. Take profit upon the breakdown of 1.06870, 1.07054, 1.07264 and 1.07570.

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.