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Forex Analysis:::2020-04-22T06:16:42

Trading idea for EUR/USD

 Trading idea for EUR/USD

Good afternoon! A trading idea for EUR/USD:

The pair is rallying in a horizontal channel with fairly clear horizontal boundaries. I suggest lowering the rates from a false breakdown of the upper border - above the quote of 1.09, with further retention of short positions to 1.08:

 Trading idea for EUR/USD

Main target for sales is April's low at 1.07700.

On D1, the instrument exited the triangle down:

 Trading idea for EUR/USD

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

Good luck!

Analyst InstaForex
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