Previous trading ideas in EUR/USD talked about looking for bullish signals that would help push the quote beyond December's double top. This was finally achieved on Monday, when the pair updated the high as markets continued their reaction to Friday's news.
The trend is bullish, and after the news, a pin bar was formed near the May high, which means that the level could be broken soon.
This also means that traders should temporarily give up short positions, at least until a false breakdown of 1.0786.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck in trading and have a nice day! Don't forget to control the risks.
