Trading tips for EUR/USD

Important Update for RobotFX Visitors

We want to sincerely apologize for any confusion or inconvenience caused by our recent website restructuring.

The main RobotFX hub has officially moved to our new, streamlined address at robotfx.org (without the "www" prefix). While our main operations have shifted, we want to reassure you that this archives site, old.robotfx.org, will remain fully active. You can still access our complete library of past posts, historical trading analysis, and legacy articles right here.

However, for the latest updates, newer content, and a significantly faster, more optimized browsing experience, we highly recommend heading over to our primary home at https://robotfx.org.

Thank you so much for your continued support and patience as we improve our digital services.

Following the strong decline last Friday, which was related to the closure of many long positions, a key support level was formed around 1.08, where buyers could place their stop-loss orders.

Considering that there is a three-wave pattern (ABC) in which wave A represents the selling pressure in EUR/USD, traders could enter the market today by selling from the current prices up to the 38% And 23% retracement levels. Set stop-loss at 1.0915, and then exit the market by taking profit after the breakdown of 1.08.

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

Good luck and have a nice day! Don't forget to control the risks.

Trading analysis offered by Flex EA.
Source