FX.co ★ Tips for trading EUR/USD

As volatility fell after the release of inflation data from the US, EUR/USD spent around 4 hours at the lower boundary, before moving up and leaving a good support level for buyers in the form of a breakdown.

This allows traders to open long positions, with a potential rollback towards the breakdown area observed earlier. Set stop loss at 1.0930 and take profit upon the breakout of 1.1.

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.