FX.co ★ Tips for trading EUR/USD

EUR/USD fell into a correction in anticipation of important labor market news from the US. As the movement occurred after a decline, a good area to buy emerged, which market players could consider when entering the market.

Open short positions after a false breakout of 1.0968 or upon the test of 1.1015. Set stop-loss on the false breakout of 1.0968 or 1.1038, and then take profit on the breakout of 1.0887.

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.