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AADEDIJI
Dec 5, 2017 10:33 AM

EURUSD - BREAK OUT Long

Euro Fx/U.S. DollarFXCM

Description

I have been in this trade since 11pm on sunday - shortly after the markets opened (there was a gap in the market at opening because of the Tax reform announcements).

I now expecting a breakout to the upside during this week after a slow monday (as usual). I don't believe the USD tax reform will help the US currency at the current moment.

Expecting a breakout to the 1.2000 region or even further to the 127.20% fib extension before a retracement. after the retracement, I may look for trend continuation opportunities.
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