EUR/USD – 1.1827
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.1826
Kijun-Sen level : 1.1796
Ichimoku cloud top : 1.1765
Ichimoku cloud bottom : 1.1759
Original strategy :
Buy at 1.1785, Target: 1.1885, Stop: 1.1750
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.1785, Target: 1.1885, Stop: 1.1750
Position : –
Target : –
Stop : –
Yesterday’s rally after finding renewed buying interest at 1.1753 signals low has been formed at 1.1725 earlier this week, hence consolidation with upside bias is seen for this rebound to extend further gain to resistance at 1.1858, break there would indicate the fall from 1.1880 has ended and another leg of corrective rise from 1.1669 low is underway for retest of this level, then towards 1.1900 but reckon 1.1930-35 (61.8% Fibonacci retracement of 1.2093-1.1669) would hold, bring retreat later.
In view of this, we are looking to buy euro on pullback as 1.1780-85 should limit downside. Below 1.1750 would risk another test of said support at 1.1725 but only break there would revive bearishness for weakness to 1.1700, however, still reckon said recent low at 1.1669 would hold from here.
