EUR/USD - 1.4844
Original strategy:
Buy 1.4785, target: 1.4885, Stop: 1.4750
New strategy:
Buy 1.4785, target: 1.4885, Stop: 1.4750
As the single currency retreated after rally intra-day 1.4882, minor consolidation would place and withdrawal of 1.4800 cannot be ruled out, however, believe 1.4786 (38.2% Fibonacci tracing of 1 4630 - 1 4882) could limit the inconvenience and make another place later. Above said resistance would extend extra gain of 1.4900/05 (1.236 measurement time projection of 1. 4494 - 1 4715 of 1.4630), but 1.4988 (projection 1,618 times) limited and prices are expected to weaken below the psychological resistance to l.
In view of this, we seek to buy euro withdrawal. Just below the Kijun-Sen (now at 1.4757) suggest that a temporary top is formed, attract correction prior to 1.4715 resistance.
