Near Term Trend: Neutral
As of 8/10/2018 close: 1.14115
UPDATE: 1.14115
Last week, I suggested holding shorts until 1.1475 and adding shorts near 1.16110. Stops were to be honored on a close above 1.16428.
Everything outside of the US Dollar and Yen are showing ST weakness over the last few days. Thats likely to continue as this week starts. The chart tells me the play is to cover and get long soon.
Id be covering shorts and getting long near 1.1364 with stops on a close below 1.13 and with an upside target of 1.151.