Hello, dear traders! Let's consider my trading idea for the EUR/USD pair.
Yesterday, amid the news that a $1.7 trillion coronavirus economic stimulus package failed to advance in the U.S. Senate, the US dollar slipped across the board, including the euro. The euro/dollar pair gained strong bullish momentum from the lows of the current year and created a clear area with the sellers' stop loss orders along the trend:
I consider long deals in the European session with a view to achieving the level of the seller's stop loss orders at 1.08400 with subsequent corrections depending on your risks. The pair is likely to pass over 500 pips to reach this target.
Further movement can be considered on D1 according to the following scenario:
Please control your risks! Have a successful trading day!
