EUR/USD long (4h)

FX:EURUSD   Euro / U.S. Dollar
Hello everyone,

Daily analysis

The falling wedge and/or downtrend channel both have been broken upwards. This has been confirmed with a daily bullish engulfing (at EUR/USD             ) and a daily bearish engulfing (at USD). RSI and Stochastics have formed bullish divergence crossovers and the increasing green volume is confirming the continuation.

Main target: achieving the strong 23,6% Fibonacci (1,12893). Before that, the checking of 38,2% Fibonacci (1,11029) will take place.

After a bit more than two months of trading, I now see I made a lot of mistakes during my trades with the Greece noise around. In the future, I should close my positions before the weekends, during such events. I have learned from it and am still happy with the results!

With the noise of Greece disappearing, I feel fresh again and I am more confident about myself and am more disciplined than ever to achieve good results in life and while trading!

Take your losses, learn from it and be careful!


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