FX.co ★ Trading idea for EUR/USD

As expected , EUR / USD rose and hit the first target level. This coincides with the plan presented last October 15 , which also stated that euro bulls should push the quote to 1.16500.

Plan:

Result:

Congratulations to those who took long positions!

The pair moved by as much as 700 pips. As such, it would be best to close 2/3 of the positions and then hold 1/3 to the second target - 1.19.

The analysis was based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!