Near Term Trend: Bullish / Neutral
As of 4/6/2018 close: 1.20087
UPDATE: Last week, I suggested buying near 1.22171 with stops below 1.22 and with a target of 1.26.
The EURUSD cross treaded water this week. The chart is now setting up for a bit more of a drop than I anticipated in earlier reports. We could see prices hit 1.20087 before the next wave higher commences. This makes sense given my outlook for TY futures above.
I would be willing to buy dips to 1.20087 with stops on a daily close below 1.195 and with an upside target of 1.26.