EUR/USD – 1.1278
Most recent candlesticks pattern : N/A
Trend : Up
Tenkan-Sen level : 1.1247
Kijun-Sen level : 1.1244
Ichimoku cloud top : 1.1207
Ichimoku cloud bottom : 1.1199
Original strategy :
Buy at 1.1235, Target: 1.1335, Stop: 1.1200
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.1235, Target: 1.1335, Stop: 1.1200
Position : –
Target : –
Stop : –
The single currency has rallied in US opening on dollar’s broad-based weakness and indicated resistance at 1.1285 was breached, adding credence to our bullish view that recent upmove has resumed, hence upside bias remains for further gain to previous chart resistance at 1.1300, break there would encourage for headway to 1.1340-45 and later towards chart point at 1.1366.
In view of this, we are looking to turn long on pullback. Below 1.1195-00 would abort and prolong choppy trading below 1.1285, risk weakness to 1.1185, then towards said support at 1.1166 which is likely to hold from here.
