27.12.201901:28 Forex Analysis & Reviews: Christmas debts on euro. Trading idea for the EUR/USD pair

Long-term review

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The EUR/USD pair, which is the most popular trading instrument among currency traders, left a good three-day trading floor for December lows after the decline on December 20, thereby indicating the risk level of sellers in this zone. Indeed, if you imagine that, for example, the last 3 days you have been buying euros against the US dollar, then the most likely scenario will be the placement of a stop order exactly at the level of 1.1066. In my opinion, this is a classic trap.

Thus, the hunt for this level is declared! Today is not closed yet, but in the case of closing the American session in the red - you can develop in the sell with take-down at the stop level of buyers 1.10663.

From the point of view of Price Action, I recommend waiting for the close of the day, and if it ends with a D1 pin-bar, you can rely on it in sales for the specified target.

Have a successful trading and control the risks!

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