Good afternoon traders! A trading idea for the EUR / USD pair.
The results of the FOMC meeting, which were published yesterday, pushed the EUR / USD quotes to an 800-pip movement during the US session. However, at the Asian session, the euro dropped and completely lost its advantage over the dollar.
The "Stop Hunting" strategy indicates that the buyer's stops are below yesterday's lows. Open short positions to push the quotes to the nearest goal (target # 1):
After a true breakout, hold positions below the quotes 1.12400 and 1.12000.
The goal for shorting the pair is below 1.12.
Good luck in trading and make sure to control the risks!
