Near Term Trend: Bullish but ST pullback likely
Sunday at 5:42PM EST: 1.16659 (+ .00041)
UPDATE: Last week, I suggested selling longs in EURUSD at 1.15259 and getting short at 1.16244 with a downside target of 1.11325.
The EURUSD cross made it up to and through the projected upside targets Friday and early in this new week. An extended upside target / resistance of 1.16670 is what Im focused on right now.
Look to sell longs of the EURUSD cross at current levels near 1.16670 with stops on a close above 1.17 and a target of 1.12560. Id be buying down there.