FX.co ★ Tips for trading EUR/USD

EUR/USD bounced back to the breakout area after a strong upward momentum last week. This opened the chance for traders to buy the pair at low prices.

Taking this into account, market players could consider long positions from the breakout area and set the stop loss at 1.08131. Take profit upon the breakdown of 1.09020.

Growth may continue in the medium term.

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.