اقتباس:
Buy at 1.4360, Target: 1.4480, Stop: 1.4325
Euro’s retreat after faltering below last Friday’s high at 1.4489 has retained our view that further consolidation below this level would take place and minor correction to 1.4395 (38.2% Fibonacci retracement of 1.4243 to 1.4489) would be seen but renewed buying interest should emerge above previous resistance at 1.4350, bring another rise later. Above said resistance would extend recent upmove to 1.4500 but loss of near term upward momentum should prevent sharp move beyond 1.4550 and risk from there has increased for a retreat later.
In view of this, we are still looking to buy euro on pullback. Only below the Ichimoku cloud bottom (now at 1.4332) would abort this view and signal a temporary top is possibly formed, risk correction to 1.4300.
