Near Term Trend: Bearish
As of 11/17/2017 close: 1.17864
UPDATE: Last week, I wrote to sell rallies to 1.16736 with stops above 1.17 and with a downside target of 1.1575.
EURUSD surprised me this week by eclipsing projected resistance near 1.17. We should see a retracement of this weeks rally and then perhaps another rally.
Id be a buyer at either 1.16661 or 1.15526 with stops below 1.166 or 1.155, respectively and with an upside target of 1.18792. Id be selling or shorting at 1.18792 with stops above 1.19 and with a target of 1.14.