FX.co ★ Trading tips for EUR/USD

Just like in the previous days, EUR/USD close lower after the US trading session.

This bearish momentum can be used as a guide when trading in the market today.

Given that there is a three-wave pattern (ABC), where wave A represents the selling pressure yesterday, traders can sell from current prices up to the 50% retracement level. Set stop loss at 1.06 and take profit on the breakdown of 1.03300.

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!