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

Although the latest policy decisions of the Fed provided temporary support to the US dollar yesterday, it also renewed the risk appetite of traders, thereby raising the price of many world currencies, including the euro.

Clearly, bullish sentiment prevails in EUR / USD. And because of this, a good level for sellers emerged in the trading chart - 1.21200.

Of course, it would be wrong to sell the euro without knowing the risks. Therefore, in the chart above, we presented one of the scenarios that could happen if you decide to short the pair.

Price Action and Stop Hunting are used as trading strategies.

Good luck!