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

Last week, we gave a trading recommendation to set up long positions in the EUR / USD pair.

The plan was to complete the wave pattern that started on November 19, however, the target was reached only yesterday, ahead of the publication of PMI statistics from Market Economist.

The quote successfully managed to climb past the target area, which is the round level of 1.19.

Development:

The upward movement amounted to more than 400 pips.

Notably, after the quote climbed past the target, the EUR/USD pair turned around due to strong PMI data for the United States.

Regardless, congratulations to those who followed last week's strategy!

(Price Action and Stop Hunting were used for the approach)