theselfishtrader

EURUSD - Long breakout on further dollar weakness

Long
FX:EURUSD   Euro / U.S. Dollar
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.
Trade active: Entered long at 1.0599
Trade closed: stop reached