FX.co ★ Trading idea for EUR/USD

Trading idea for EUR/USD

The situation in EUR / USD did not change, except for the appearance of a good sellers' area at 1.18500.

Trading idea for EUR/USD

This level is clearly visible on the hourly TF:

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Trading idea for EUR/USD

But the negative factor for longs is yesterday's selling pressure amid the lower-than-expected data on US inflation.

Even so, bullish positions can be maintained, with targets at 1.18500 and 1.19. And if possible, the transactions could be set above the target levels.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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