FX.co ★ Tips for trading EUR/USD

EUR/USD edged higher on Wednesday, triggering a breakdown, from which traders can expect the continuation of an upward move.

Looking at the three-wave pattern (ABC), where wave A represents yesterday's momentum, traders could consider long positions, with stop-loss set at 1.06608. Take profit upon the breakdown of 1.07174 and 1.07582.

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.