Near Term Trend: Neutral / Bearish
As of 10/13/2017 close: 1.18184
UPDATE: Last week, I suggested covering shorts at 1.166 getting long at 1.1667 and looking to sell up at 1.1864.
EURUSD never made it down to 1.166 before rallying further. Right now, it looks like EURUSD just finished up five waves higher in the very short term and that a retracement of those gains should occur. I would be looking for 1.17589 or 1.17007 as support and for another shot up to 1.19100 to play out.
I would look buy dips to 1.17589 with stops on a close below 1.17500 and with a target of 1.19100.