EUR/USD - 1.3025

Most recent candlesticks pattern : N/A
Trend     : Up

Tenkan-Sen level               :1.3037
Kijun-Sen level                 :1.3044
Ichimoku cloud top              :1.3040
Ichimoku cloud bottom          :1.3022

Original strategy :  

Bought at 1.3020, Target: 1.3125, Stop: 1.2975

New strategy : 

Hold long entered at 1.3020, Target: 1.3125, Stop: 1.2975

Failure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.2977-80 must hold for prospect of another bounce to 1.3055/60, then towards yesterday’s high at 1.3107, however, break there is needed to signal recent upmove has resumed and extend towards 1.3145/50 but reckon 1.3170/75 (1.618 times projection of 1.2732 to 1.2966 measuring from 1.2794 as well as 50% projection of 1.2151 to 1.3029 measuring from 1.2732) would limit upside.

In view of this, hold long entered at 1.3020. Only below said support would abort and signal temporary top has been formed at 1.3107 and risk test of 1.2952 support but reckon 1.2900 would contain downside.