FX.co ★ Tips for trading EUR/USD

EUR/USD failed to consolidate above Friday's high despite the bullish momentum. Buyer liquidity also remained under last week's low.

Taking this into account, market players could consider short positions with a rollback to the breakdown area. Set stop loss at 1.09101 and take profit upon the breakdown of 1.08450.

The trading plan followed 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.