EURUSD - Long breakout on further dollar weakness
Price has been testing the resistance zone around the 1.064 area.
Following a recent double top, price did not fall very far and a strong rejection of previous support shows there are still many buyers in this market.
Should price breakout above this zone, I would target the 127% Fib extension of the entire range.
Following a recent double top, price did not fall very far and a strong rejection of previous support shows there are still many buyers in this market.
Should price breakout above this zone, I would target the 127% Fib extension of the entire range.
Trade active:
Entered long at 1.0599
Trade closed: stop reached
