FX.co ★ Tips for trading EUR/USD

An interesting situation developed in EUR/USD ahead of the release of the latest US inflation report. Traders can use this accumulation in seller liquidity as long as the bears have not yet reacted to the news from the US.

Consider long positions and set stop-loss at 1.07590 and 1.07419. Take profit upon the breakdown of 1.08185.

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.