FX.co ★ Tips for trading EUR/USD

EUR/USD went into a correction, following a strong decline. This gathered seller liquidity and led to a brief breakdown during the European session. Market players can take advantage of this situation to work for a price decrease.

Consider short positions with a pullback to the breakdown area, and set stop-loss at 1.07883. Take profit upon the breakdown of 1.07222

The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.