FX.co ★ Trading idea for EUR/USD

EUR/USD hit 1.16700, thanks to dovish statements from the ECB and weak data on US Q3 GDP.

The move was similar to the plan presented last October 26 and October 27:

Development:

Congratulations to those who took long positions! EUR/USD increased by as much as 750 pips.

It is recommended to close 2/3 of the position and transfer the rest to "breakeven". Leave it until the quote hits 1.19000.

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

Good luck and have a nice trading day!