FX.co ★ Tips for trading EUR/USD

After declining due to inflation, EUR/USD moved up, approaching the peak, which may have liquidity accumulating behind it.

Market players should take this opportunity to open long positions, expecting a pullback to two breakdown areas: from the level of 1.07537 and 1.07119. Set stop-loss 1.07318 and 1.07000, and then take profit upon the breakdown of 1.08000.

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.