Trading idea for EUR/USD

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Long positions were supposed to be set from 50% Fibonacci yesterday, however, the quote failed to follow the scheme, refusing to raise EUR/USD on the chart.

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Thus, the best option now is to reduce the risk, moving stop loss from 1.17800 to 1.17950.

In addition, below are targets for a decrease, that is, news highs behind which the bulls hide the risks:

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Such follows the classic and trusted Price Action and Stop Hunting strategies, with which traders have to control risks so as to avoid reducing or losing profit.

Best of luck!

The material has been provided by InstaForex Company - www.instaforex.com