EUR/USD – 1.1852
Most recent candlesticks pattern  : N/A
Trend                     : Near term up
Tenkan-Sen level             : 1.1839
Kijun-Sen level                 : 1.1854
Ichimoku cloud top            : 1.1869
Ichimoku cloud bottom     : 1.1844
Original strategy :
Bought at 1.1820, Target: 1.1920, Stop: 1.1785
Position : – Long at 1.1820
Target :Â – 1.1920
Stop : – 1.1785
New strategy :
Hold long entered at 1.1820, Target: 1.1920, Stop: 1.1820
Position : – Long at 1.1820
Target :Â – 1.1920
Stop : – 1.1820
Although the single currency retreated after meeting resistance at 1.1902 earlier this week and consolidation below this level would be seen, reckon downside would be limited and bring another rise later, above 1.1880 would signal the pullback from 1.1902 has ended, bring retest of this level, break there would extend the erratic upmove from 1.1717 towards resistance at 1.1940 which is likely to hold from here.
In view of this, we are holding on to our long position entered at 1.1820. Below 1.1800 would defer and bring test of 1.1775 support but only break there would suggest top is formed instead, then subsequent retreat to 1.1750 would follow but support at 1.1737 should remain intact.
