FX.co ★ Trading idea for the EUR/USD pair

Good afternoon traders! A trading idea for the EUR/USD pair.

Rates were left unchanged at the April Fed meeting yesterday, leaving promises not to raise them in the near future, at least until the economy stabilizes. The meeting also noted the sharp economic decline observed in the US.

Thus, dollar weakened against all currencies after the statements.

I propose considering the idea of raising the EUR/USD rate to a round level of 1.09:

The idea is to "hunt" for the stops of weekly sellers who are now behind the 1.09 level.

Yesterday's news in the US can serve as support for purchases.

The risk / reward ratio in this idea is 1/1.

Good luck!