DK_Investment_Consulting
Long

EUR/USD - wait for long confirmation and good reward

FX:EURUSD   Euro / U.S. Dollar
Weak economic data from Germany did not lastingly weigh on the euro . The Ifo business climate had fallen in February to its lowest level in over four years. Many companies rated their current situation and the business outlook worse. Bank economists rated the data as a bad indicator for the already weaker growing German economy.

The rating agency fitch has not devalued Italy, that should support the euro on Monday.

-Bullish trend structure on 2H chart
-RSI within ascending triangle and near breakout
-wait for close above trend line to open long
-if candle does not close above drawn line this analysis is invalid

good luck to all and have a nice week
Feb 28
Trade active: booked yesterday profit at tp1 - tp 2 still valid
Mar 05
Trade closed: stop reached: Stop loss at TP1 reached
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