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Trading idea for EUR/USD

analytics5e9fdfbdd5051.jpg

Good afternoon! A trading idea for EUR/USD:

The pair is rallying in a horizontal channel with fairly clear horizontal boundaries. I suggest lowering the rates from a false breakdown of the upper border - above the quote of 1.09, with further retention of short positions to 1.08:

analytics5e9fe63b14415.jpg

Main target for sales is April's low at 1.07700.

On D1, the instrument exited the triangle down:

analytics5e9fdf22dd0e0.jpg

The trading idea is based on "Price Action" and "Stop Hunting" methods.

Good luck!

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