EUR/USD – 1.1651
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.1648
Kijun-Sen level : 1.1578
Ichimoku cloud top : 1.1544
Ichimoku cloud bottom : 1.1522
Original strategy :
Buy at 1.1580, Target: 1.1680, Stop: 1.1545
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.1580, Target: 1.1680, Stop: 1.1545
Position : –
Target : –
Stop : –
Yesterday’s rally after finding renewed buying interest at 1.1479 signals recent upmove has resumed and bullishness remains for this move to extend further gain to indicated upside target at 1.1680, then towards previous chart resistance at 1.1714, however, break there is needed to retain bullishness for the rise from 1.0340 low to head towards 1.1750.
In view of this, we are looking to buy euro on pullback as previous resistance at 1.1583 should limit downside. Below the upper Kumo (now at 1.1544) would abort and suggest an intra-day top is formed, bring correction to 1.1510-15 but said support at 1.1479 should remain intact.
