FX.co ★ Tips for trading EUR/USD

EUR/USD traded downward after a strong breakdown during yesterday's European session. Now, it formed a double bottom, which market players can set as a target price level.

Open short positions, expecting a pullback to the breakdown area, and set stop-loss at 1.08050. Take profit upon the breakdown of.07558 and 1.07230.

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.