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01.04.202114:51 Forex Analysis & Reviews: Trading idea for EUR/USD

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After collapsing rather strongly this second half of March, EUR / USD traded sideways, thereby forming a classic trap of sellers.

To be more specific, price has reached 1.18, behind which is where most sellers placed their stops.

Taking this into account, along with the fact that the euro falsely broke through the resistance level yesterday and formed a small three-wave structure in the market, you can open a long position from 1.17300, the target of which is 1.17600. Of course, the limit should be placed at 1.17100.

This plan follows the classic and trusted Price Action and Stop Hunting strategies.

Good luck!

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