Near Term Trend: Bullish near resistance
Fridays close: 1.1821 (+ .0049)
UPDATE: Last week, I suggested shorting EURUSD immediately with a downside target of 1.15204 and with stops on a monthly close above 1.18366.
The EURUSD sold off most of last week, but staged a bit of a comeback. Very ST resistance comes in at 1.18366. But, a breakout could lead to a run to 1.2016.
I would still be looking to sell rallies to 1.18366 for shorter-term traders and to 1.2016 for those who need more wiggle room on their trades. Downside target is 1.1597.