EUR / USD continues to trade upward because of increased hopes for a post-Brexit trade deal and the general weakness of the US dollar.
As a result, to date, the sellers' only hope is the level of 1.2180:
Based on the Stop Hunting strategy, this is the only level where sell stops may be placed.
This is because traders, for several days already, have been consistently buying the euro in the market, thereby increasing the price higher and higher.
But since the quote is now at a very high level, it is best to refrain from opening long positions, and if possible, only work for an increase up to 1.21800 and 1.22000.
This is in accordance with the Price Action and Stop Hunting strategies.
Of course, traders still need to be careful since this financial market is very precarious. But, as mentioned before, it will give plenty of profit as long as you use the right approach.
Good luck!
