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 release of GDP data in Spain and manufacturing activity in Germany, EUR/USD pulled back from the weekly high, opening up good price levels for long positions in the market.

At the time of writing, there is a three-wave (ABC) pattern, in which wave A represents the buying pressure from early this week. Traders should consider taking long positions from the 50% retracement level, and then exit the market by taking profit upon the breakdown of 1.10300.

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