EUR/USD - 1.1359
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.1376
Kijun-Sen level : 1.1355
Ichimoku cloud top : 1.1392
Ichimoku cloud bottom : 1.1384
New strategy :
Stand aside
Position : -
Target : -
Stop : -
Although the single currency staged a strong rebound after finding good support at 1.1279 on Friday, as euro has retreated again after faltering below resistance at 1.1450 (last week's high), suggesting further choppy trading is in store and weakness to 1.1320 cannot be ruled out, however, as outlook remains consolidative, reckon said support at 1.1279 would hold, bring rebound later.
Above 1.1430 (Friday's high) would bring retest of 1.1450 but still reckon upside would be limited to another previous resistance at 1.1499 and price should falter well below resistance at 1.1534, bring retreat later. As near term outlook is still mixed, would be prudent to stand aside for now.
forexjust
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.1376
Kijun-Sen level : 1.1355
Ichimoku cloud top : 1.1392
Ichimoku cloud bottom : 1.1384
New strategy :
Stand aside
Position : -
Target : -
Stop : -
Although the single currency staged a strong rebound after finding good support at 1.1279 on Friday, as euro has retreated again after faltering below resistance at 1.1450 (last week's high), suggesting further choppy trading is in store and weakness to 1.1320 cannot be ruled out, however, as outlook remains consolidative, reckon said support at 1.1279 would hold, bring rebound later.
Above 1.1430 (Friday's high) would bring retest of 1.1450 but still reckon upside would be limited to another previous resistance at 1.1499 and price should falter well below resistance at 1.1534, bring retreat later. As near term outlook is still mixed, would be prudent to stand aside for now.
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