FX.co ★ Trading tips for EUR/USD

EUR/USD rose after demand for dollar fell because of easing inflation. The pair came close to the August high of 1.03682, and is making a correction for a possible breakthrough of this level.

In this regard, sellers must take note of the trap they can fall into if they place stop orders beyond this level.

Meanwhile, for a reversal, traders must pay attention to the level of 1.04152.

The trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks!