EUR/USD – 1.3810
Original strategy:
Buy at 1.3720, Target: 1.3820, Stop: 1.3685
New strategy:
Sell at 1.3920, Target: 1.3800, Stop: 3955
The single currency continued to keep the above trading-day support in .1 3735 and has recovered, suggesting consolidation with mild upside bias would be reviewed and break the Kijun-sen (now at 1.3855) would have a retracement Ichimoku cloud down (now at 1.3895), but the renewed selling interest should pop up around 1; 3920 and get another decline. Break of that aid would extend a more fall to the 1.8 3690-97 (61,8% projection of 1.4283 to 1.3823 measurement from 1.3974 and earlier support) but the loss of momentum would limit the downside to 1.3650.
Against this background, we see to enable short recovery. only above 1.3944 (38.2% Fibonacci retracement of the 1.4283 to 1.3735) would postpone and risking retracement to 1.3974 (yesterday's high) before the prospect of another decline.
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