EURUSD - Long breakout on further dollar weakness

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
nice analysis
@paschal88, Thanks! Got stopped out to the pip before it moved higher as expected. Ah well, that's trading!
PaschalPT theselfishtrader
@theselfishtrader, Ahh yeah I can see price hit your stop loss then continued moving up. No worries though, like you said that's trading haha. All you can do it learn from it and move on but nonetheless a great setup indeed. Might i add that your ideas are quite insprational for me love em'. Keep it up *thumbs up*
@paschal88, haha, thanks for the support! New ideas posted shortly!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out