FX.co ★ Trade Idea for EUR/USD to Fall

Good day, fellow traders! I will present you with a trade idea for EUR/USD.

After Friday's strong bearish impulse, the instrument transitioned into a corrective upward move and is now testing the breakdown zone, which could act as a point of continuation for the short trend.

I suggest considering short positions from a pullback to the breakdown zone according to the setup shown in the chart above. Risk should be limited at 1.13800, and profit should be taken on a breakout below 1.12642.

This trade idea is based on the "Price Action" approach and the "Stop-Hunting" strategy.