FX.co ★ Tips for trading EUR/USD

The trading plan presented on December 18 pointed at an increase in EUR/USD.

As of today, prices have risen significantly, with a brief correction occurring from the level hit last December 15.

In this situation, traders should focus on opening long positions in lower timeframes so as to work out a breakout in the two-week high at 1.10171. Refrain from taking short positions and setting stop-loss beyond 1.10171.

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.