EUR/USD – 1.0602
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.0607
Kijun-Sen level : 1.0568
Ichimoku cloud top : 1.0537
Ichimoku cloud bottom : 1.0517
Original strategy :
Sold at 1.0570, stopped at 1.0575
Position : – Shoer at 1.0570
Target : –
Stop : – 1.0575
New strategy :
Stand aside
Position : –
Target : –
Stop : –
The single currency rallied after holding above previous support at 1.0493, dampening our bearishness and consolidation with mild upside bias is seen for test of strong resistance at 1.0630-31, however, a sustained breach above this level is needed to retain bullishness and extend the erratic rise from 1.0493 low for retracement of early decline to 1.0660-65 (50% Fibonacci retracement of 1.0829-1.0493) and later test of resistance at 1.0680.
In view of this, would not chase this rise here and would be prudent to stand aside in the meantime. Below the Kijun-Sen (now at 1.0568) would prolong consolidation and risk weakness to 1.0540 , however, support at 1.0493 should remain intact. Only a drop below this support would revive bearishness and signal;l recent decline from 1.0829 has resumed for further selloff to 1.0470 and then towards previous support at 1.0454. 
