FX.co ★ Tips for trading EUR/USD

EUR/USD continued to be in a bullish trend despite the downward momentum yesterday. Currently, it trades at the breakdown area reached during yesterday's US session.

Market players should take this opportunity to open long positions, expecting a pullback towards the breakdown area. Set stop-loss at 1.08050 and take profit upon the breakout of 1.08448 and 1.09.

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.