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06.07.202011:51 Forex Analysis & Reviews: Trading idea for EUR/USD

Exchange Rates 06.07.2020 analysis

Good afternoon traders! A trading idea for the EUR / USD pair.

Last Friday, the EUR / USD pair closed with a pin bar in the trend.

Exchange Rates 06.07.2020 analysis

This indicates that the best plan for trading is to open long positions in order to increase the quotes and update the highs reached last Thursday. Do so by following the trading idea below:

Exchange Rates 06.07.2020 analysis

In the US trading session, open long positions to raise the quotes up to the level of 1.13500.

Such a plan is under the "Price Action" and "Stop Hunting" strategies.

Good luck and don't forget to control the risks!

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Andrey Shevchenko,
Analytical expert of InstaForex
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