Another false breakdown of the weekly low occurred today during the European session. This indicates buying pressure in the market, which could potentially trigger a sharp rise in the pair.
Considering this, traders could open long positions from the current prices, aiming to approach once again the area of sellers and climb towards the upper targets. Place stop-loss order at 1.06141, and then set take-profit upon the breakdown of 1.07475 and 1.07700.
The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
