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Trade Idea for EUR/USD to Fall
02:55 2025-05-05 UTC--4
Exchange Rates analysis

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.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.