EUR/USD – 1.1779
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.1789
Kijun-Sen level : 1.1794
Ichimoku cloud top : 1.1794
Ichimoku cloud bottom : 1.1782
Original strategy :
Bought at 1.1765, Target: 1.1865, Stop: 1.1770
Position : – Long at 1.1765
Target : – 1.1865
Stop : – 1.1770
New strategy :
Hold long entered at 1.1765, Target: 1.1865, Stop: 1.1770
Position : – Long at 1.1765
Target : – 1.1865
Stop : – 1.1770
Euro’s retreat after faltering below resistance at 1.1828 suggests caution on our bullishness and minor consolidation would be seen, however, as long as 1.1765-70 holds, mild upside bias remains for another rebound, above said resistance at 1.1828 would extend the rise from 1.1662 low to resistance at 1.1847, break there would provide confirmation that the pullback from 1.1910 has ended and encourage for headway to 1.1870-80 but reckon said resistance at 1.1910 would hold from here.
In view of this, we are holding on to our long position entered at 1.1765. Only below 1.1740 support would abort and suggest the rebound from 1.1662 has ended instead, risk weakness to 1.1695-00 first.
