myfxtrades

EUR/USD ANOTHER BREAKOUT - TARGET ! 1.16000 - 1.17000

Long
FX:EURUSD   Euro / U.S. Dollar
Price Action showing too much confluence that bulls on Euros are testing to break dailly previous resistance high. Fibonacci D Level Target Extension aligns with Resistance a A Level where price initially surged to. Price moved up Hit A and moved down and Hit B and moved up to create Lower High and came back down to hit Support ( Double Bottom ) price moved up creating Higher Highs and Higher Lows and Perked and Created C. Fibonacci D Level aligns with D breakout on ABCD , while 13/21 EMAs cross awhile back all bullish and strong. also combined with 200 long term EMA . Inner and outter trendlines been bounced and price range measurements shows first leg aligns with price distance. On Monthly, Weekly and Daily, price giving off bullish outlook. I'm up 148 pips still in this trade from previous breakout @ 1.13 Major psyche support level . Eur/Usd is quite bullish and very strong in bullish sentiment across multiple time frame analysis . - myfxtrades

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