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20.08.202010:35 Forex Analysis & Reviews: Trading idea for EUR/USD

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Demand for the US dollar rose during the US session yesterday, which led to a drop in the EUR / USD pair by about 1,000 pips. The quote even closed with an absorption in the daily chart.

To decrease the price even more in the market, trade short positions and follow the scheme presented below:

Using Elliott Wave, take the short impulse yesterday as wave A, and the first target is the double bottom below it. The main target level will be 1.17.

Apply Price Action and Stop Hunting strategies for further techniques.

Good luck!

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