FX.co ★ Tips for trading EUR/USD

As euro did not consolidate above the November high, it fell and underwent a brief correction.

But in the lower timeframe (TF) it managed a breakout, which can be used as a support for further growth.

Having this situation, traders could consider long positions with a pullback to the bullish breakout as outlined above. Set stop-loss at 1.08900 and take profit upon the breakdown of 1.10170.

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.